Last September, Laguna Beach resident Stephen McDow found $110,000 deposited in his bank account, courtesy of the IRS. That same deposit has now landed him in hot water, according to CBS Los Angeles. (h/t The Consumerist) The IRS mistakenly sent the tax refund money, meant for a 67-year-old woman, to McDow, instead, reports local news station KCAL. The Los Angeles woman reportedly failed to inform the IRS that she had closed the bank account she had filed with them, and the account number was subsequently assigned to McDow.
When the woman discovered that McDow had been the recipient of her refund, she called him and demanded her money back. McDow, in turn, offered to pay back the balance in monthly payments, as he had already spent $60,000 paying off student loans and his home mortgage. Unsatisfied with the suggested size of the monthly payment, the woman declined the offer, according to KCAL.
McDow was subsequently arrested and charged with one felony of grand theft by misappropriation of lost property. He reportedly faces four years imprisonment and is currently being held on bail for the exact amount he first received: $110,000.
Correction: An earlier version of this post said McDow had received a prison sentence. He is currently being held on bail.
Watch KCAL report here:
FYI - Just thought you should know this news. This is not spam.
ReplyDeleteWashington, DC, July 13, 2012 - The family of Stephen Reginald McDow is in the process of forwarding a final check to the woman known as Michele D. of Los Angeles, CA. They do so because of no personal involvement and liability in the matter. They decided to offer a loan to Stephen Reginald McDow...(Click to read more).
http://fireside-chat-stephen-mcdow.blogspot.com/2012/07/stephen-reginald-mcdow-returns-all.html