A former 911 dispatcher in New Orleans is learning a hard lesson that she should have paid attention to the fine print of her brokerage contract.
33-year old Kelyn Spadoni is sitting in jail, facing felony charges of theft valued at over $25,000, bank fraud and illegal transmission of monetary funds.
Charles Schwab was supposed to depose $82 into Spadoni’s account back in February. Instead, they dropped in $1.2 million, in what is being described as a clerical error.
When the money hit Spadoni’s account, she moved quickly, transferring it into another account, then buying a new house and a new car.
What she might have thought was a lucky break, instead is a federal crime. Not only was she arrested, by Charles Schwab & Co. sued her last week in federal court, and the county she was employed in fired her after the arrest.
Jason Rivarde is the sheriff’s spokesman, and explained the situation pretty clearly. “It’s not her money. She has no legal claim to that money. Even if it was put in there by mistake. It was an accounting error.”
Charles Schwab pointed out in the lawsuit that in the contract Spadoni has with the company there is an agreement that states if a client receives an overpayment, they are required to return the full amount.
Spadoni had worked with the sheriff’s department for 4 and 1/2 years. Up until now, she’s returned 75% of the money.