i meant to interject that I had seen an article. how they can even still use that as fodder for anything is unreal. Do you really think the bank would not have discovered the error
Good find! Checking the Toronto Star and Globe & Mail archives should uncover more details.
Error adds $1,191,825 to man's bank account [FIN Edition]
Toronto Star - Toronto, Ont. Author: Bill Taylor Toronto Star Date: Jun 27, 1990 Start Page: A.2 Section: NEWS Text Word Count: 233
Abstract (Document Summary)
"I went to a Green Machine instant teller in Welland on Sunday to pull out $5 for gas," said [John Bordynuik], 20, a student of nuclear physics and computer technology at Brock University in St. Catharines.
Curious to know just how much the Green Machine thought he had, Bordynuik began punching buttons to transfer $95,000 at a time from his chequing account to his savings account.
That's somewhat different from this account of the story -
Years later he would get his 15 minutes of fame. In 1989, he told his bank he found $1.2 million in his account that he didn't remember depositing. Bank officials in Toronto insisted there was no mistake and the money belonged to him, while staff at the local branch scrambled to reconcile more than a million missing dollars. Bordynuik stuck with his story, which soon made headlines across Canada. Papers proclaiming "Honest John Returns $1.2 million" caught the eyes of influential Ontario Legislature IT staff.
Error adds $1,191,825 to man's bank account [FIN Edition]
Toronto Star - Toronto, Ont. Author: Bill Taylor Toronto Star Date: Jun 27, 1990 Start Page: A.2 Section: NEWS Text Word Count: 233
Document Text
Student John Bordynuik was a two-day millionaire, thanks to a Toronto Dominion Bank computer mix-up.
"I went to a Green Machine instant teller in Welland on Sunday to pull out $5 for gas," said Bordynuik, 20, a student of nuclear physics and computer technology at Brock University in St. Catharines.
"I wound up with $400. I went back again and it gave me another $400. It was letting me pull out cash, cash, cash."
Curious to know just how much the Green Machine thought he had, Bordynuik began punching buttons to transfer $95,000 at a time from his chequing account to his savings account.
"I wound up with $1,191,825 in there," he said yesterday. "I'm keeping the slips as a souvenir of what might have been."
Bordynuik said friends urged him to "get a certified cheque from TD first thing Monday and transfer it to another bank. But I called TD instead to tell them.
"At first they kept saying, 'What's the problem? What's the big deal?' They seemed to think it was my money. Then I went in with their $800 and they were very grateful.
"I'm an honest man but I'm not very happy right now. My chequing account's back to where it was: $6.77 to be exact."
Toronto Dominion official Beverly MacLean said the bank had so far accounted for only $400,000 in wrongly transferred money.
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