Pennsylvania couple busted for spending $120K mistakenly deposited into bank account

By Personal FinanceFOXBusiness

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A Pennsylvania couple was busted for spending more than $100,000 that their bank mistakenly deposited into their joint account, police and court records show.

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Robert and Tiffany Williams, ages 36 and 35, respectively, appeared Monday in Lycoming County court, where a judge found there was sufficient evidence to indicate the couple had likely committed the crime, county district attorney spokesperson Abigail Inns told FOX Business.

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The husband and wife were hit with felony charges of receiving stolen property and theft on Sept. 3 for blowing through just over $107,000 -- on a $14,500 Chevrolet SUV, a race car, two four-wheelers and $15,000 in payments to friends, among other things -- after their area BB&T bank teller accidentally deposited $120,000 on May 31, state police records show.

The Montoursville, Pennsylvania couple allegedly spent most of the money between June 3 and June 19. A bank employee then contacted Tiffany on June 20 asking that the couple return the money.

On June 21, the Williams told a bank representative they planned to arrange a payment plan, reports state.

At one point, Tiffany admitted “she no longer had the funds because she had already paid off bills. She told the bank her husband had spent a great portion of the funds and purchased a four-wheeler,” according to the Gazette.

But after that, contact between the bank and the couple went cold, and Tiffany and Robert allegedly dodged several phone calls from the bank, court papers show.

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Following their Tuesday arraignment, Tiffany and Robert were each released on $25,000 bail.