Read an article in Good Finance a few days ago about a woman who had received the next USD 74,000 extra in her company account. This money she had taken out and sent to her private account and spent on trips to Thailand.
Check carefully that the money that is in your own account
It is important that you check carefully that the money that is in your own account should really be there. Because if you spend money that is not your own, you are guilty of illegal procedure. They can do this for up to two years in prison.
They needed they sent money to us and we were happy
We who run this site happened to experience such an event a few years ago. A company had not paid us any money because they lacked some information. Then when they got the info they needed they sent money to us and we were happy. Then the next month came a similar sum which we thought was a bit strange but did not think much more about this. This continued for a few more months and we really began to suspect that everything was not right. So we contacted them and then they discovered that they had made the first payment as a recurring payment which was not correct. Unfortunately, this meant for us that we had to pay back about USD 50,000 to them. But it wasn’t our money so even though it was boring it was the right thing.
Sure it would have been nice to use the money instead for a Thai trip but then the risk would have been great for us if it had been discovered.
Make sure the money you spend is really yours
The woman in this case was convicted in court for not believing in her statement that she had believed the money came from a Postcode Lottery win. The reason why this did not work as a defense was that both the company from which the money came from and the bank had sent several letters to her. So make sure the money you spend is really yours.