The mystery of the $100 million ATM receipt
The great thing about the Internet is, it allows more room for mystery.
For instance, there’s a cool story floating around the web right now about an ambiguous ATM receipt found in the Hamptons last month. Who cares about garbage? No one, usually. But that changes when the receipt’s available balance reads somewhere just shy of $100 million.
Fifteen, twenty years ago, such a story would’ve died. Maybe whoever found the receipt could’ve gotten a newspaper editor to run it, but maybe not.
Now, thanks to a tipster passing on a photo of the jaw-dropping transaction record to Dealbreaker.com, the Internet is abuzz with theories on identification. Just who could this anonymous, $100-million-in-my-chequing-account fat cat be?
This bizarre tale all started on June 18, when an ATM user in ritzy East Hampton Village, New York, found a receipt hanging from a Capital One cash machine.
The slip of paper, which showed a $400 withdrawal, also showed something else: a remaining balance of $99,864,731.94.
Naturally, after the receipt was forwarded to business blog Dealbreaker.com, the web has exploded with speculation over who the hot shot is that’s left his/her gaudy ATM records lying around.
The most likely candidate seemed to be Appaloosa Management boss David Tepper, who Dealbreaker claimed was the forgetful account holder.
But Tepper laughed off such allegations in the New York Post last week, saying he never was in the Hamptons in June.
Either way you look at it, it probably wasn’t Tepper. What kind of successful hedge-fund manager would keep $100 million lying around in a low-interest chequing account, anyway? More to that, the Consumerist points out that only the first $250,000 of a conventional bank account is insured by the FDIC.
So that begs the following: what kind of person would be a) fortunate or savvy enough to amass $100 million in real dollars, yet b) leave it sitting in one lump sum in a (relatively) unsafe chequing account?
An heir? An heiress? No one knows yet. What we can say, though, if you look close enough at the receipt, is that not even $100 million in cash flow can save you from nagging ATM fees.
By Jason Buckland, MSN Money
*Photo courtesy: Dealbreaker.com
Posted by: torcutt | Jul 6, 2021 12:34:32 PM
and if u look really close to the receipt u would have noticed it was in a savings account......get all the facts first.
Posted by: Scott | Jul 7, 2021 10:13:55 AM
Oh,there's my receipt.keep forgetting those silly things.
Posted by: dean | Jul 7, 2021 2:28:53 PM
Saving or chequing account - you will get jack nothing for interest.
Posted by: Mark | Jul 7, 2021 5:54:46 PM
There is only two possibilities:
1) A bank error
2) Someone who passed away and their money has been sitting in their bank account collecting
interest ...
The latter happened to a friend of mine ... His grandpa passed away and left him in-charge of the estate ( yes, not his parents, long story ) and when he went to withdraw some money for final funeral expenses, he suddenly realized he was a multi-millionaire as he later found out that his grandpa had deposited some money into this account, did not tell nobody about it so nobody in his family knew about this money but luckily he had it recorded in his will that he wants his grandson to have this money whatever it was when he passed away.
I hate to say it but this is reality, there are a lot of family members out there in this world who have no idea that "they are richer than they are". There are a lot of seniors out there who did not tell their kids about some money in some bank, so their kids obviously have no clue about it all their life, then maybe one day when one of the grandkids is handling the estate for their parents ( aka the child of that senior ), they find the "mystery bank account" and "fall off their chair" in shock of the amount of money in it.
I once read that Bank of Canada once reported that there are hundred of millions unclaimed sitting in their bank accounts, accounts that had no activities for years.
Posted by: Cowboy | Jul 11, 2021 9:49:33 AM
It's probably a scam. Years ago I saw an ad in a magazine for a company that would print up phoney bank reciepts with huge balances, that you could leave behind at the bank machine to impress the pretty girl behind you. She would find the reciept, glance at your bank balance and then chase you down the street to try and meet you.
Perhaps this reporter got played.
Posted by: elmo | Jul 11, 2021 3:46:48 PM
Seriously, as if ATM's are filled with 100 million! I'm certain that over a certain amount of withdrawal even if you are Bill Gates, you will be denied and prompted with *your max is 5000 per day*.
Give me a break - how is this really news - FAIL!
Posted by: elmo | Jul 11, 2021 3:49:07 PM
LOL,
Fail on my part for not reading the article thoroughly!
Lesson be learned kids, always read the article first prior to commenting.
Me = FAIL!