Men Spends Bank Glitch Million On Strippers And Cocaine

When life gives you lemons, make lemonade.

When life gives you a banking glitch that allows sudden access to over $1 million for two years, buy cars and cocaine and go to jail.

Luke Moore, a 29-year-old Australian law student, applied for a complete freedom (pun clearly not intended) account with St. George in 2010.

And, because of a glitch in the bank's computer, Moore was able to overdraw the account and spend up to $1.5 million — meaning he could take out essentially as much money as he wanted.

Over the next two years, until he was caught, he spent approximately $1.3 million of the bank's money.


First he paid off his mortgage and his various debts, like an adult.

Then he went ahead and partied for two years straight. He bought a Maserati, an Aston Martin, a boat, cocaine, strippers and generally just spent all the money he could as fast as he could because he knew eventually the jig would be up.

When asked by the Daily Telegraph if he missed his "lavish multimillionaire lifestyle," he explained that "besides the cocaine, the strippers and fast cars," he did not.

Which is, we can all agree, a very f*cking cool thing to say.

He was arrested because, instead of informing the bank of the glitch, he kept it all to himself, depositing money into various accounts to keep it, presumably, hidden.

He was found guilty of fraud and given four years in prison, but won his appeal and went free "on the grounds that his actions were not deceptive," according to the New York Post.

So now, after a couple years living like an 18-year-old rapper, he is suddenly just a normal guy again, free as a bird, but poor as a bird, too. He lives with his mom, he's broke and hopes to be a criminal lawyer.

Presumably, watching his own lawyers get him out of jail so efficiently inspired Moore's career choices.

So, basically, in this rare case, crime definitely paid.

Citations: New York Post, Daily Telegraph