Student Blows £1.25 Million After Major Bank F*ck Up

by : Francesca Donovan on : 09 Dec 2016 13:28

An Australian man has blown £1.25 million on cocaine, strippers, sports cars and a speed boat after a clerical error at his bank gave him an unlimited overdraft.


The debt-ridden student, Luke Moore, spent two years on the run from the authorities as he maintained his extravagant lifestyle with money that wasn’t technically his to spend, according to the Daily Telegraph.

Since Moore was tracked down by New South Wales Police, his shocking spending habits – the result of a computer error allowing him to overdraw the account and spend a total of AU $2.1million – have come to light.

New South Wales Police

Moore purchased an Aston Martin worth £54,000 as well as a £21,000 Maserati and a £32,000 speed boat.


As if these toys weren’t enough to keep Moore at home, he also treated himself to a number of luxury holidays.

Moore, who failed to alert his bank to the clerical error, also used the money to pay a mortgage, insurance and other bills.

He also blew money on a framed and signed Michael Jordan basketball shirt, because why the hell not?

New South Wales Police

After being charged with fraud, the 29-year-old was handed a four-year jail term last year after the banking error was realised.

However, last week Moore walked free after winning an appeal against his conviction on the grounds that his actions were not deceptive.

He is currently living with his mum in Goulburn, New South Wales while studying to become a criminal lawyer… the irony is not lost on anyone.

Francesca Donovan

A former emo kid who talks too much about 8Chan meme culture, the Kardashian Klan, and how her smartphone is probably killing her. Francesca is a Cardiff University Journalism Masters grad who has done words for BBC, ELLE, The Debrief, DAZED, an art magazine you've never heard of and a feminist zine which never went to print.

Topics: News


Daily Telegraph
  1. Daily Telegraph

    ‘I don’t miss being a millionaire... besides the strippers, cocaine and fast cars,’ says man handed $2m by computer glitch