Luke Moore explains how he is reformed after spending 5 months into a four year prison sentence after spending illicit banking overdraft funds.
Also making the tabloid rounds is the ‘interesting’ story of Australian man, Luke Moore who has told of blowing through $1.5 million ($2.1 AUD million) on sports cars, speed boats, strippers and cocaine after a bank error gave him an unlimited overdraft.
The reformed law student’s downfall comes as the ‘wannabe playboy’ lived the high life for two years before being caught by cops and jailed on fraud charges.
According to a report via the Daily Telegraph, Luke Moore ‘treated himself to luxury holidays, a $57,000 Aston Martin, a $22,000 Maserati and a $33,000 boat’ while living the ultimate bachelor lifestyle.
Deep sigh. If only we’d all become successful hedge fund traders. Or better yet lucked out on an illicit overdraft free for all?
It wasn’t until the banking glitch came to banking official’s attention (‘I was wondering when I’d get caught…’) that our collective hero was slapped with a four-year jail term last year.
Moore, 29, went free last week after only having served five months of his sentence after winning an appeal of his conviction on the grounds that his actions were not deceptive.
He is now broke and living with his mother in Goulburn, New South Wales,
ironically while studying to become a criminal lawyer (lol). And heavily in debt to the bank.
Speaking to the Daily Telegraph our collective hero said he didn’t miss his lavish multimillionaire lifestyle ‘besides the cocaine, the strippers and fast cars.’
What’s the adage? Buy low and sell very very high.
That said, Moore confesses that he is ‘still readjusting to real life’ while maintaining that he would no longer want to drive around in flashy cars.
Unless of course ….
Luke Moore said he bagged the free cash after opening a Complete Freedom (literally one supposes …) account with St George in March 2010.
A computer error meant he was allowed to overdraw the account and spend a total of $1.5 million (AU $2.1 million).
But instead of telling the bank (would you? Should you? Or is it for them to tell you?) Moore made increasingly large withdrawals and transferred the funds into multiple accounts.
As well as buying a framed Michael Jordan shirt, Moore used the cash to pay mortgage, insurance and other bills.
Despite the onerous debt to the bank, Moore reckons there’s a silver lining, having come up with new wisdom.
Told our collective hero: ‘I pull more chicks now with A$20 in my pocket than I did when I was splashing the bank’s cash,’
‘I’ve learned money doesn’t buy everything, but it was great while it lasted.’
Asked if he’d do it all over again, the aspiring criminal lawyer reflected:
‘Would I do it again? No. I enjoyed driving around in flash cars with no shirt, no shoes and with the wind in my hair… I’ve had to give everything back… but I’m happier this way as I’ve realized my family and friends are my biggest treasures.’
Of course one can’t help but wonder, how many more cars, speed boats and other knick knacks Luke Moore might have gone on spending had he not been caught….?