Luke Moore opened an account with St George, an Australian bank in 2010, at the age of 22. He was unemployed and claiming benefits, he ran up overdrafts as much as $9, 000 within a time span of a year. He realized that apparently, he has a limitless overdraft, so he kept of withdrawing.
With unlimited funds, he started making purchases like cars, boats, and even signed albums of Michael Jackson and Bob Dylan. In the long list of his purchases were lavish vacations, a £54,000($56K) Aston Martin, a £32,000 ($36K) Stessl boat, and a £100,000 ($104K) Maserati.
[sc name=”Ad 300x 250 “]
The bank soon realized that Moore owed them £1.25m ($1.4M). The police were called and Moore was taken under investigation. They also found out that he had stashed roughly £650,000 ($680K) in other banks too.
Moore was initially arrested for obtaining financial advantages by deception. Moore is now released and, as he said in an interview, “re-adjusting to real life.”