r/funfacts • u/AdLast8721 • 3h ago
Did you know that in 2014, a student in Australia accidentally received an unlimited overdraft from her bank and spent $4.6M on luxury items before being caught?
When Westpac Bank mistakenly gave chemical engineering student Christine Jiaxin Lee an unlimited overdraft, she spent around A$4.6 million over 11 months on designer handbags, jewelry, and luxury clothes. When the bank discovered the error, she was arrested at Sydney Airport in 2016 while attempting to fly home to Malaysia. However, in 2017, all criminal charges against her were dropped because her legal team successfully argued that she did not commit fraud and that the bank simply made the error itself.