Kelyn Spadoni, 33, of New Orleans is charged with theft valued over $25,000, bank fraud and illegal transmission of monetary funds
Spadoni a former 911 dispatcher is accused of refusing to return more than $1.2million that had been mistakenly deposited into her brokerage account by Charles Schwab and Co.
When Charles Schwab tried to reclaim the funds, the money was gone
Spadoni who was supposed to receive a transfer of just $82, transfered the excesss funds into another account
She then used the additional funds to buy a house and a 2021 Hyundai Genesis SUV
Charles Schwab sued Spadoni in federal court Tuesday, after failing to reach her
Spadoni had been with the sheriff’s office 911 center for more than four years, has been fired from her job
She was being held at the Jefferson Parish Correctional Center in Gretna in lieu of a $50,000 bond
“By her conduct, Spadoni has made it clear she does not intend to return the mistakenly transferred funds to Schwab,” states a lawsuit filed against a customer by investment brokerage, Charles schwab.
The defendant, a 911 dispatcher in a suburb of New Orleans has been accused of refusing to return more than $1.21 million that had been accidentally deposited into her brokerage account by Schwab, and spending a quarter of the money on a new house and a car.
Kelyn Spadoni, 33, was arrested on Wednesday on charges of theft valued over $25,000, bank fraud and illegal transmission of monetary funds.
Authorities said a clerical error had caused Charles Schwab, a major financial services corporation, to deposit $1,205,619million into her brokerage account when it only meant to transfer $82.56 in February, nola.com reported.
When the bank attempted to reclaim the money, the request was rejected because the money was not available, according to court documents.
The sheriff’s office said it was later uncovered that Spadoni had moved the funds into another account, and then used some of it to purchase a new home and a 2021 Hyundai Genesis SUV.
Capt. Jason Rivarde, a sheriff’s spokesman, said that although the money was put into her account, ‘it’s not her money.’
‘She has no legal claim to that money,’ he added.
‘Even if it was put in there by mistake. It was an accounting error,’ Rivarde said.
Charles Schwab & Co. sued Spadoni on Tuesday in federal court.
The company tried to contact Spadoni several times to have the transferred funds returned but were unsuccessful, police said.
So far, about 75 per cent of the money has been recovered, according to Capt. Rivarde.
The company argued in its lawsuit that Spadoni’s account contract with Schwab includes an agreement that if a client receives an overpayment of funds, the client is required to return the full amount.
‘If someone accidentally puts an extra zero on a utility payment, they would want that money returned or credited to them. This is no different,’ Rivarde said.
He said Spadoni had been with the sheriff’s office 911 center for more than four years, has been fired from her job.
She was being held Thursday afternoon at the Jefferson Parish Correctional Center in Gretna in lieu of a $50,000 bond.