By
The Associated Press
.
Published: Wed, February 20, 2008 - 2:49 pm
Last Updated: Wed, February 20, 2008 - 2:54 pm
NEW YORK (AP) - This isn't a banking error in anyone's favor.A man is facing charges for withdrawing 2 million dollars from
an account after a bank confused him with a man who has the same
name.
Benjamin Lovell was arraigned yesterday on grand larceny
charges. He says he tried to tell officials at Commerce Bank in
December that he did not have a 5 million-dollar account. But he
says the banks -- which advertises itself as America's Most
Convenient Bank -- told him the account was his and that he could
withdraw the money.
Prosecutors say the bank confused Lovell with someone by the
same name who works for a property management company.
Prosecutors say Lovell gave away some of the withdrawn money and
blew some of it on gifts, but lost much of it on bad investments.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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