Australian Man Buys Gold Bars, Coins & Clothes With Money Accidentally Deposited In His Bank Account

Who doesn't want money? Money is a universal thing that has the power to make everyone happy, at least initially. But imagine, if you wake up one day and there is 10 times more money in your account. What would your reaction be and what would you do with it?

Naturally, you might get scared thinking about why you have so much money; you may call the bank or the police, maybe investigate it at least. If you are a good Samaritan, you'd try to return the money to the original owner.

A man from Australia had other ideas altogether when something similar happened to him. He woke up with almost Rs 4.2 crore more money in his bank account.

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The man woke up and spent all of the money. Here's what he did with it and here's what happened to him after he spent someone else's money.

Man bought gold bars and coins with money accidentally transferred into his account

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An Australian man went on an unexpected shopping spree with $5,15,000, which is approximately Rs 4.2 crore. Spending your own money is no crime but spending someone else's money is, even if it is sitting in your account.

The money was mistakenly transferred to the man's bank account and he certainly made the most of it. The man, identified as Abdel Ghadia, was taken by surprise when his account showed a large and unexpected deposit of AU $760,000.

Even though the large transfer was due to a system error, Ghadia went on a shopping spree without a second thought in his mind.

As per reports, Ghadia took this as a golden opportunity literally, and he bought a lot of gold coins, gold bars, and clothes and also withdrew cash from multiple ATMs.

Man bought gold bars, coins and more

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As per reports, Ghadia started off at the ABC Bullion store, where he spent a total of $598,188 on gold bars ranging in weight from 10oz to 1kg, with the purchases stretched out over six visits in June 2021.

Not only that, but he also spent $62,843 on a 500g gold bullion and 10 oz bar at Queensland-based gold dealer Ainslie Bullion, as well as $48,222-worth of gold KHC coins, as per a Unilad report. He delved into the international money market to buy $14,490 in foreign exchange.

Between June and July that year, he also withdrew $13,600 in cash from ATMs across Sydney before finally splashing out $6,235 on clothes from Uniqlo and JD Sports and makeup from MECCA at Westfield Parramatta.

The money was mistakenly transferred into his account from a couple who was trying to buy a house and made a mistake while paying.

On 12 December, he was sentenced to 18 months in prison. He¡¯ll be eligible for parole only in October 2023.

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