
You can trust Robert Adams. Well, that's ONE....
Stephen Reginald McDow of Laguna Beach, California found an unexpected $110,000 federal tax refund in his bank account. He knew it wasn’t his; he also had to realize it was an error. But what the heck…he took a shot. McDow spent the money on foreclosure debts and paying off his student and car loans.
He’s been charged with one felony count of theft of lost property, with a sentencing enhancement for taking property over $65,000, and faces a maximum sentence of four years in state prison.
There is a lot of sympathy for McDow; you can see man in the street interviews on cable where people say things like, “Hey, are you kidding me? If I found all that money in my bank account, I’d spend it too! Anyway, it isn’t his fault!” A lot of people apparently think this way, which means they are ethically inert. The issue isn’t who was responsible for the money landing in the wrong account (the rightful recipient of the refund had given the IRS the wrong bank account number), but that someone had lost money that rightfully belonged to her, not McDow, and it became his duty to fix the problem.Instead, he spent it, and crossed his fingers. Continue reading →
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