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Woman Arrested for Keeping $1.2M Schwab Gave Her By Mistake

Kelyn Spadoni, who was owed $82.56 by Schwab but was sent an extra $1,205,536.84, has been fired from her job and arrested for refusing the return the extra funds deposited in her brokerage account by mistake. So reports ABC 7.

jail 1287943 1280She closed her Schwab account and sought to transfer the balance to a Fidelity account. Following the mistaken transfer, Spadoni reportedly moved the money from the Fidelity account to another account and also used some of the funds for a car and a home.

Spadoni was arrested and charged with theft of items valued over $25,000, bank fraud and illegal transmission of monetary funds. She was also reportedly fired from her job as a dispatcher in the Jefferson Parish Sheriff’s Office in New Orleans.

Schwab is also suing Spadoni for return of the funds.

Read the full article from ABC 7.

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