A woman was arrested in New Orleans after she allegedly refused to return more than $1.2 million (Php 58M) that was mistakenly deposited into her brokerage account.
Kelyn Spadoni, 33, was arrested for theft charges valued over $25,000, bank fraud and illegal transmission of monetary funds, local reports said.
A clerical error has led a financial service company Charles Schwab to deposit over $1.2 million into her brokerage.
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The supposed transfer in February is only meant to be $82.
According to authorities, she immediately moved the funds into another account.
The woman later used the money to buy a new car and house.
Charles Schwab & Co. filed a lawsuit against Spadoni in federal court.
In its lawsuit, the company argued that Spadoni’s account contract includes an agreement that the client is required to return the full amount if it gets an overpayment of funds.
Spadoni was fired from her job as sheriff’s dispatcher following her arrest.
She is currently held under custody at the Jefferson Parish Correctional Center on a $50,000 bond. (RA)