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Each month AR runs numerous contests as a way for our members to engage in activities
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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When windfall goes bad? Never accept or take something that doesn't belong to you. Thou shall not steal. Have you ever accepted something that doesn't belong to you. For instance you know you have a certain amount in your bank account. But the next day you go to your local bank to make a withdrawal only to find out that you have about three or maybe even more zeros behind the current amount that you had before.
Suze Orman is the first person I heard used the term "Windfall". Windfall means an unexpected, unearned, or sudden gain or advantage. Windfall can be a blessing,God sent,an increase in your financial portfolio,bonus,an inheritance,selling a short sale after it has been on the market for two years (Okay I made that one up-SORRY. PG County MD Short sales is a very tough transaction that once you finally settle,it feels like you just lifted a ton of load lifted off of your shoulders. But what do you do when you are given something that doesn't belong to you? Common sense would tell you to rightfully give it back to the owner right? That's not what this person did.
Meet Stephen Reginald McDow. Stephen Reginald McDow is 34 years old. The bank mistakenly deposited $110,000 into his account. So instead of Mr.McDow telling the bank that someone deposited $110,000 into my account. Mr.McDow decides that he is going to keep the money and take care of some things. What did he did you ask? Prosecutors said he used about $60,000 to pay student and car loans and to save a house he owns from foreclosure.
Some news accounts said McDow offered to make some monthly payments but the woman wasn't satisfied with his plan and filed a police report. You mean to tell me he wanted to make a monthly plan for $110,000. How much will he pay a month? How long will it take him to pay off $110,000. Heck by the time he pays it off (If he will ever will) my kids would have probably gotten from Law school by then whenever time that is since I don't have any kids yet. And Speaking of law school,I hope he finds a very good lawyer because he is sure going to need one.
McDow now faces a felony charge of theft of lost property and up to four years in prison if convicted. What can we learn from this? I am sure there are many things we can learn from this. But one thing we all can learn from this is if somebody gives you something that you know doesn't belong to you,give it back to the owner-PLEASE. Life is too short to spend your precious life in jail. For more on this story,Man inherited a sum of $110,000 that didn't belong to him
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.