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Man Who Spent $2M Of Bank's Money On 'Strippers And Cocaine' Has Conviction Overturned

Man Who Spent $2M Of Bank's Money On 'Strippers And Cocaine' Has Conviction Overturned

What would you do if you suddenly found you had been mistakenly given an unlimited overdraft on your bank account? Would you notify the bank of its error and go about your life always thinking about the fun you could have had? Or, would you go to "strip clubs and spend hundreds of thousands of dollars on girls, alcohol, cocaine and whatever else"?

Australian Luke Brett Moore went for the latter. After a technical glitch at St George Bank led to him being given an unlimited overdraft Luke, who was unemployed and just 22 at the time, decided not to tell the bank and spent almost $2million (£1,180,000) in total.

Credit: New South Wales Police

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Initially he used the money to pay his mortgage and other bills, but then he got tired of wasting the cash like that and instead bought himself a Hyundai Veloster and spent $36,000 on a Maserati. He also bought a drum skin signed by Amy Winehouse and a signed Michael Jordon basketball shirt.

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Talking to the BBC Luke said: "I was a young and foolish 22-year-old and I wasn't thinking particularly clearly. I was just doing what most young guys do when they're that age and they've got a bucket load of cash - just having fun and partying.

"I went to strip clubs and spent hundreds of thousands of dollars on girls, alcohol, cocaine and whatever else."

When the bank discovered the error in 2012 Luke was arrested, charged and eventually found guilty of obtaining financial advantage by deception and knowingly dealing with the proceeds of crime. He was sentenced to four and a half years.

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However, he has now had his conviction overturned after spending six months in jail.At his appeal it was ruled that Luke wasn't legally obliged to inform St George Bank of the mistake. Which might be good news for Christine Lee, who is facing similar charges.

Featured image credit: Facebook/Luke Moore

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Claire Reid

Claire is a journalist at LADbible who, after dossing around for a few years, went to Liverpool John Moores University. She graduated with a degree in Journalism and a whole load of debt. When not writing words in exchange for money she is usually at home watching serial killer documentaries surrounded by cats. You can contact Claire at [email protected]