Men Spend Over $200,000 Mistakenly Put in Bank Account

Men Spend Over $200,000 Mistakenly Put in Bank Account


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(KSL News) -- Authorities have charged two men for spending more than two hundred thousand dollars mistakenly put in their account.

James and Louis Phillips both face one count of theft of lost or misdelivered property and three counts of theft by deception.

Authorities say on July first, a Denver title company mistakenly put a half-million dollars into Phillips account. When the mistake was discovered, Phillips' account was frozen, but 230-thousand dollars of the money was already gone.

Investigators say the brothers spent 116-thouand of that on three trucks, and gambled and lost another 60-thousand.

All the charges are second degree felonies. If convicted, the Phillips brothers could face up to 15 years in prison.

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