Posted on 08/16/2011 10:38:30 AM PDT by nickcarraway
A Florida man said he was shocked to discover he was "a billionaire for a minute" when his bank froze his account and flagged a $999.99 million deposit.
Otelo Vizcaino, 42, of Orlando, said he discovered after his card was rejected at a gas pump last week his account had been frozen by SunTrust Bank and a $999.99 million deposit had been flagged, the Orlando (Fla.) Sentinel reported Tuesday.
"That's right -- one penny short of $1 billion," Vizcaino said. "I was a billionaire for a minute, and I have nothing to show for it but grief."
SunTrust Bank said Monday the account was frozen as the result of internal computer procedures and there were no security breaches. The bank said the $999.99 million deposit is an internal signal to bank workers that the account is currently frozen.
"We work to verify funds as efficiently and effectively as possible to limit any impact to a client's account," SunTrust spokesman Hugh Suhr said. "Based on the feedback in this instance, it sounds like we could have done a better job communicating that process."
Vizcaino said the bank told him his account should be back to normal by Wednesday.
There are three kinds of people: those who can do math and those who can't.
There are 10 kinds of people who understand binary notation. Those that do and those that dont.
I wonder if he could have withdrawn the money if he’d just worked the keys at the gas pump a little faster?
Does rhat mean that when the 0bama campaign fund reaches $999,999,999.99, the funds will be frozen? Good news!
He should have told them that it was an expected payment, and the nice Nigerian man said there were no legal impediments to the transfer.
Must have had a penny in his pocket....
Isn’t this kind of thing, using special numbers as trip signals, considered really poor coding practice?
According to Warren Buffet, he should be paying a lot more taxes. Expect him to get a call from the IRS.
Something similar happened to me in 1993.
I started working that summer at an automotive supplier, as a grad school intern (paid). The first thing HR/payroll ask for is a blank, cancelled/voided check with which they will use the routing and account numbers to set up direct deposit of wages.
So, two weeks roll around and I check my bank statement.
Something like $1.6 million in my account. I was tempted to start withdrawls, but I know how things like this usually work out, so I checked inside the bank.
Usually, a company will keep a payroll account open and mostly empty. Right before payday, they transfer funds into the account to cover the checks and direct deposit transfers. It seems the HR associate who took my check put it into the wrong folder and the bank/payroll used THAT account to place all employee wages for the pay period.
They found the error very fast, since the actual payroll account was empty and transfers were failing immediately.
But there is only one kind of fool, a liberal and his fantasy president.
The deposit was for $999.99 million? Heck, if that is how they do their accounting, my deposits wouldn’t even be on the radar.
OOPS! : x , :(
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