Friday, 19 August 2011

Man was 'a billionaire for a minute'

ORLANDO, USA -- A Florida man said he was shocked to discover he was "a billionaire for a minute" when his bank froze his account and flagged a $999.99 million deposit.

Otelo Vizcaino, 42, of Orlando, said he discovered after his card was rejected at a gas pump last week his account had been frozen by SunTrust Bank and a $999.99 million deposit had been flagged, the Orlando (Fla.) Sentinel reported Tuesday.

"That's right -- one penny short of $1 billion," Vizcaino said. "I was a billionaire for a minute, and I have nothing to show for it but grief."

SunTrust Bank said Monday the account was frozen as the result of internal computer procedures and there were no security breaches. The bank said the $999.99 million deposit is an internal signal to bank workers that the account is currently frozen.

"We work to verify funds as efficiently and effectively as possible to limit any impact to a client's account," SunTrust spokesman Hugh Suhr said. "Based on the feedback in this instance, it sounds like we could have done a better job communicating that process."

Vizcaino said the bank told him his account should be back to normal by Wednesday


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