Thursday, July 19, 2007

Mother lands a £135,000 windfall in bank blunder ... and blows it in weeks

With just £6.59 in the bank, Sarah-Jane Lee decided to limit herself to a £10 cash withdrawal.

But when she went to take out the money, she was astonished to find rather more funds were available - an extra £135,000 to be precise.

Over the next few weeks the 20-year-old lived like a lottery winner, blowing almost all of the money the bank had put in her account in error. She helped herself to £33,000, spending much of it at sex shop chains, Simply Pleasure and Ann Summers.

Sarah-Jane Lee, with her daughter Amy-Jane

She booked a £10,000 holiday to Florida, bought thousands of pounds worth of luxury goods, took out nearly £5,000 in cash and allegedly gave away almost £100,000.

The money enabled her to fill her housing association home with top-of-the-range electrical items and furniture including a 50-inch plasma television, luxury carpet and fridge-freezer.

It took the bank two weeks to realise its mistake but Lee is now facing a possible prison sentence. In court on Monday she admitted taking money she knew was not hers.

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