Found money

Yes, times are hard and banks are mismanaged. But if you find $280,000 mistakenly deposited into your account, a spending spree is still a bad idea.

Police charged an Altoona, PA, man with theft this week, alleging that he spent more than $150,000 in three months after the money appeared in his account last fall.

Herbert Starbird, 57, claims he checked with the bank and was told the deposit was his to keep. The bank says he never notified officials about the mistake. First Commonwealth Bank, which discovered the error last February, has filed suit seeking repayment.

Full story here.

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