A man has been declared free by the Supreme Court after he spent a whopping $2.1 million dollars buying expensive cars after the money was wrongly paid to his account.
Luke Moore was declared innocent and a free man
An unemployed man who splurged $2.1million on luxury holidays, fast cars, and a boat after a banking error left him with a limitless overdraft has won his fraud appeal, Dailymail reports.
Luke Brett Moore, 25, from Goldburn, New South Wales, was jailed for two years in 2015 after being found guilty of fraud but released on bail four months later after being granted and appeal.
The Supreme Court on Thursday found him not guilty of any fraud and declared him a free man.The judge ruled that, while he had taken the money, he hadn't deceived his bank while doing so - necessary for fraud conviction.
To make matters sweet for him, he retains all he bought with the money.
Speaking to A Current Affair after his hearing, he said: 'Of course I'm happy with the judgement, but at this stage I would rather not make a comment.
'I'm just looking forward to finishing my degree, getting myself a job, a hot missus, and a house of my own and going from there.'
Asked if he would be driving his $169,000 Maserati home from the court, one of the items he purchased on his spending spree, he said: 'Not today, sweetheart.'
Moore bought $32,000 Hyundai with the money
The case came to light in 2010, when he was just 22; Moore had opened an overdraft account with St George while he was unemployed and claiming Centrelink benefits.
He began withdrawing money and by the end of the year he was $9,000 in debt, but found no matter how much he withdrew, the bank never put a block on the account.
Moore then began moving large sums of cash into secondary bank accounts before opening the taps and going on a spending spree where he bought a Hyundai Veloceter for $32,000, an Aston Martin DB7 Vantage coupe for $91,000 and finally the Maserati at $169,000.
A Stessl boat was also among his purchases, costing $54,000.
He also splashed out on holidays to the Gold Coast and Thailand, spending big in pubs and clubs along the way.
Moore collected sport and music memorabilia, including a signed Michael Jordan jersey, and signed albums from Michael Jackson, Bob Dylan and Led Zeppelin.
He also bought a $169,000 Maserati car
Artworks also formed part of his collection, including a print by the much-lauded British graffiti artist Banksy.
By the time the bank realised what was going on, Moore owed them more than $2.1million, and the police were called in. He was arrested and his haul discovered, along with another $1.1million stashed away in accounts with other banks.
A jury of 12 people unanimously convicted him of fraud and handling stolen goods and he was sentenced to two years and three months in jail. However, the sentence of the jury was overturned by the Supreme Court which declared him a free man.
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