As Matt said, fortune favors the brave

[MacBookProHo]

What boggles my mind is that the woman who received the extra $10,499,900 thought that money was hers

I once, accidentally, randomly, received something around like $1,500 or 1,100 in my bank account once.
I knew it was a mistake, but I kept quiet....hoping I would get away with it. It disappeared from my account around two weeks later.

 

[zdreg]

For a few thousand dollars, most people would just give it back. But for $10+ million, a lot of people would think of changing their name and disappearing with the money.

For 10+million most people would think about it. A select few would take action. A third fewer group would come up with plan and execute it properly.

 

[murray t turtle]

She thought that buying a mansion was a good long term investment. Unfortunately she bought it wish short term funds. Obviously it is not a good strategy.

%%
Looks that way @ first glance;
but unjust enrichment may not work @ all for any kind of investment

 

[The_Krakenite]

When crypto.com tried to recover the money, the cash had already been moved and used to buy a multi-million dollar mansion.

That's basically theft. When the bank or another institution accidentally moves your money into the wrong account, we don't expect them to say "Ooops, sorry. The owner of the other account doesn't want to let us to fix the mistake and return your money back."

I am going to assume the news is bullshit exaggerated from nothing, or the persons who bought the Mansion were smoking the same CRACK as Kenneth Lay did while riding Enron into bankruptcy.

 

[Slope Trader]

Would have been funny if this is a bank and they deposit the money in the same bank for a 2% annual return. Then it is a 200K legally OK interest.

.

This was my first thought: they could have collected interest payments on 10 million dollars for seven months after putting the funds in the highest interest bearing accounts they could access. Then return only the original amount and keep the interest.

Not sure if there would be practical or legal hurdles though...

 

[johnarb]

If a bank sends you money by mistake, you can keep it if you have money to defend yourself in court

It's not your fault. It's the stupid bank's fault

https://www.cnn.com/2021/02/16/business/citibank-revlon-lawsuit-ruling/index.html

https://www.cnn.com/2020/08/18/investing/citibank-sues-brigade-capital/index.html

 

[zdreg]

If a bank sends you money by mistake, you can keep it if you have money to defend yourself in court

It's not your fault. It's the stupid bank's fault

https://www.cnn.com/2021/02/16/business/citibank-revlon-lawsuit-ruling/index.html

https://www.cnn.com/2020/08/18/investing/citibank-sues-brigade-capital/index.html

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

J. Paul Getty