GLOBALVLM Highlights

Family Go On Spending Spree After They Received $10.4 Million Instead of $100 Refund

An Australian woman and her family went on a spending spree after receiving a $10.4 million (£6.1 million) refund instead of a $100 (£60) refund.

Thevamanogari Manivel and her sister are now facing legal action and have been ordered to repay a significant portion of the money – with interest.

The Melbourne resident was supposed to receive the $100 refund from cryptocurrency exchange platform Crypto.com in May of last year.

However, in what is truly a colossal blunder, the platform – which features Matt Damon in its advertising – unintentionally spent well over $10 million.

There are two types of people in this world: those who would notify the company of the error and those who would keep quiet and splash out.

Manivel chose the latter option, but she did not keep all of the money for herself. Instead, she distributed it to several friends and family members, including her daughter and her sister, Thilagavathy Gangadory.

She even spent $1.35 million (£800,000) on a mansion for Gangadory, complete with four bedrooms, four bathrooms, a home gym, and a cinema.

They were able to live Riley’s life for seven months until a routine audit in December revealed what had happened.

The company initiated legal proceedings in February of this year, which included freezing Manivel’s accounts – but it was too late.

She had already transferred the majority of the funds to a different joint account, and a sizable sum was given to her daughter.

Gangadory was then served with freezing orders after it was revealed that she had become the registered owner of the flashy Craigieburn property.

While the case is still ongoing, the Victorian Supreme Court ruled in favour of Crypto.com last Friday (August 26) by default after Gangadory and her legal team failed to appear.

Click to Spread

378 thoughts on “Family Go On Spending Spree After They Received $10.4 Million Instead of $100 Refund