Summary of “24-Year-Old Australian Man Spent $2 Million After a Bank Glitch”

While his mates were out drunkenly hunting wild boar, Milky was investing in hedge funds, and at nineteen he bought his own home, for himself and his high school sweetheart, Megan.
With no money in the bank, Milky was bracing himself for the beginning of the end.
Oh, and a cranky old red Alfa Romeo-which Milky had bought shortly before moving there in July 2011.
Milky had no idea how he had gotten caught-perhaps someone at the bank had finally taken notice, or maybe someone on the receiving end of his large purchases had raised concerns.
“The bank is now seeking to recover funds.” The police confiscated Milky’s belongings and turned them over to the bank.
According to Milky’s contract with the bank, he was perfectly authorized to receive overdrafts subject to the bank’s approval.
In practice, when Milky put in an overdraft request, it would get sent up from his local bank to a corporate “Relationship officer” for sign-off.
“The unusual aspect of Mr. Moore’s conduct was that there was nothing covert about it,” Justice Mark Leeming noted in his judgment, adding that St. George bank had chronicled “With complete accuracy Mr. Moore’s growing indebtedness.” St. George declined to comment on the acquittal, though it later contacted Milky to tell him it was not coming after him for his remaining debt.

The orginal article.