The bank lent me $2m so I spent it on strippers and cars • Hacker News Board

Re: The bank lent me $2m so I spent it on strippers and cars

#181

Post by saint_fiasco » Thu, Dec 15, 2016, 6:06 PM UTC

bluejekyll wrote: post #79

Pigo wrote: post #38

Earlier quoted context omitted.

This has been my reason for being against the death penalty for many years. It's hard to justify when the OJ's of the world get a pass due to wealth or celebrity. I never thought of AI being used in this capacity. Seems like we'd live in The Day The Earth Stood Still world, giving the automatons the jurisdiction to meat out justice.

Hmm. This is actually an interesting application for AI. Is anyone working on this? There is a huge amount of case law that could be entered into the corpus.

DoNotPay is a chatbot that can help people with simple legal cases like appealing parking tickets.

https://www.theguardian.com/technology/2016/jun/28/chatbot-a...

Re: The bank lent me $2m so I spent it on strippers and cars

#182

Post by arise » Thu, Dec 15, 2016, 6:11 PM UTC

saycheese wrote: post #171

wheelerwj wrote: post #53

Earlier quoted context omitted.

It does say: I was acquitted a few weeks ago. As far as the law is concerned in Australia at the moment I had no legal obligation to inform the Bank of what was going on. I wouldn't do it again - it wasn't worth a couple of good months with the strippers and some cocaine. The judge said I was dishonest, but we don't live in a society where moral wrongs result in people being locked up behind bars and their liberty ta…

>> "moral wrongs result in people being locked up behind bars and their liberty taken away from them" Imagine what the world would be like if this was true.

Saudi Arabia?

Re: The bank lent me $2m so I spent it on strippers and cars

#183

Post by q3r3qr3q » Thu, Dec 15, 2016, 6:12 PM UTC

FireBeyond wrote: post #129

pktgen wrote: post #102

Earlier quoted context omitted.

> He did nothing to defraud the bank or mislead it. He simply had access to a large line of credit, and used it. If the bank wants it's money back, that's a civil matter, not a criminal one. It's their responsibility to ask for it back. He was drawing on this line of credit, which he knew he was legally obligated to pay back, without ever intending to pay it back. That sure seems like fraud to me. There is a differen…

The charge he faced wasn't fraud, but that of "dishonestly obtaining financial advantage by deception", which has a number of different facets to fraud. I think his "Oh, I just kept asking for more" thing doesn't really pass the smell test.

It doesn't sound like deception was involved if all he had to do was keep asking for more money, nor dishonesty if they never questioned him when he asked for it.

Re: The bank lent me $2m so I spent it on strippers and cars

#184

Post by yequalsx » Thu, Dec 15, 2016, 6:15 PM UTC

hsod wrote: post #164

yequalsx wrote: post #150

Earlier quoted context omitted.

One should never lend money to friends. Make it a gift. Never have an expectation of getting it back. One lending money the person should understand this but not everyone does. In the situation a friends it would be immoral to not try to pay it back. In the situation of the lender being an expert who understand the pricing of loans and understands the risks then it isn't a moral issue.

What if am an expert who understands the pricing of loans and understands the risks, but I make a personal loan to a friend? Is it immoral to not try and pay it back then? Isn't repaying your debts (or attempting to) morality 101 stuff? You made an agreement and received a benefit from your counterparty. Just because someone thought you might default doesn't relieve you of your obligations. I lock my doors because I…

The comparison to a locked house is not apt. It would be apt if I made an agreement with the thief that specified what happens if I willingly decide to leave the door unlocked.

When there is a contract it becomes civil legal matter and morality does not come into play.

Re: The bank lent me $2m so I spent it on strippers and cars

#185

Post by lucidrains » Thu, Dec 15, 2016, 6:16 PM UTC

Stories like these make me a disbeliever of basic income.

Re: The bank lent me $2m so I spent it on strippers and cars

#186

Post by rubberstamp » Thu, Dec 15, 2016, 6:16 PM UTC

arise wrote: post #182

saycheese wrote: post #171

Earlier quoted context omitted.

>> "moral wrongs result in people being locked up behind bars and their liberty taken away from them" Imagine what the world would be like if this was true.

Saudi Arabia?

Not even close

Re: The bank lent me $2m so I spent it on strippers and cars

#187

Post by tedunangst » Thu, Dec 15, 2016, 6:18 PM UTC

selectodude wrote: post #31

rayiner wrote: post #26

Earlier quoted context omitted.

In the US, you have to disclose every arrest, criminal proceedings, etc. along with all debts, so this would come out. And they can can deny you for things that aren't convictions. That said bar examiners like a good human interest story as much as anyone else. A former bank robber got admitted to the Washington bar last year after he started doing Supreme Court appellate work while behind bars.

If he had committed a crime, that would be one thing. Taking advantage of a free spigot of money though, that would get him fast tracked as far as the bar is concerned.

On the contrary. http://mobile.nytimes.com/2009/07/02/business/02lawyer.html

Re: The bank lent me $2m so I spent it on strippers and cars

#188

Post by netizzio » Thu, Dec 15, 2016, 6:21 PM UTC

Sounds like the bank is just incompetent.

Many years ago, I deposited a check from my business account to my personal account, where both accounts were held with the same bank, and somehow, they messed up where the check was for something like $1500, but they only deposited $500 into my personal account and deducted $500 from my business account. Called them up, and they deposited the missing $1000 into my personal account but didn't take the funds from my business account, effectively giving me $1000 for free.

Tried calling them several times and explaining what had happened, though the customer service folks were useless. Seemed like no-one really cared about resolving the issue.

Eventually, after something like 9-10 months, someone realized and one morning, my business account was suddenly debited for $1000.

Re: The bank lent me $2m so I spent it on strippers and cars

#189

Post by bryanlarsen » Thu, Dec 15, 2016, 6:22 PM UTC

1024core wrote: post #161

bryanlarsen wrote: post #116

Earlier quoted context omitted.

He signed a contract when he opened up the bank account. That contract would have included clauses establishing liability for overdrafts, even if the bank account didn't include an overdraft facility.

> That contract would have included clauses establishing liability for overdrafts Maybe the contract did not include such a clause? There's a reason why he got acquitted in the end.

He got acquitted of fraud. That doesn't mean he's still not liable for the $2M unless the bankruptcy court relieves that liability.

Re: The bank lent me $2m so I spent it on strippers and cars

#190

Post by chasing » Thu, Dec 15, 2016, 6:24 PM UTC

dgreensp wrote: post #59

> I was just unlucky I guess that it happened to me. People like this who have no sense of personal responsibility are an evil in the world. He spends millions of dollars of other people's money, declares bankruptcy (presumably), and when his actions are deemed dishonest and immoral, though not technically illegal, he acts like that's just name-calling and gets right back up on his high horse. Remind you of any Presi…

> Remind you of any Presidents-elect?

I kind of agree with you, but that's unnecessary and unfair. There's no evidence the kid's racist, sexually assaulted women, or worked with the Russians to undermine American democracy.