Thevamanogari Manivel, a forty-year-old Australian woman, is grabbing headlines after her lavish spending of the millions of dollars worth of crypto she received by error.
According to the report, Manivel received AU$10m ($6.5M) after a Crypto.com employee mistakenly transferred the fund to her wallet in 2021.
Upon receiving the enormous sum, Manivel invested a large percentage before the company could realize the error. She acquired a five-bedroom property in Craigieburn for one of her siblings and sent part of the money to six other people, including her daughter.
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In addition, Manivel had moved approximately AU$4m ($2.5M) to unidentified accounts in Malaysia. She was apprehended with AU$11,750 ($7,500) in cash while attempting to flee Australia, having recognized the doom that would befall her.
Origin Of The Transaction Error?
Manivel was originally waiting to receive an AU$100 (US $65) rebate payment into her account from the crypto exchange Crypto.com. However, she received $6.5 million instead.
According to the report, one of the staff of the exchange mistakenly entered the account number instead of the amount to be transferred.
The trading platform did not recognize its errors on time. The exchange learned about the mishap when most funds had been diverted.
Manivel’s Defense
Telling her side of the story, the already-apprehended woman claimed that she thought her partner won a whopping amount of money in a game.
According to Manivel’s lawyer, Jessica Willard, Jatinder Singh had relayed to the police that he won the money.
The lawyer noted, “The issue about Ms Manivel is the dishonesty element, whether she knew the money was stolen or not.”
However, delegates from the Commonwealth Bank think otherwise, insisting that Manivel and Singh were duly informed about the transaction error.
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Judge’s Verdict
In the end, Manivel was sentenced by the preceding Judge, Martine Marich, after pleading guilty to unlawful spending of money obtained via wrongful means.
She received a court sentencing, which involved eighteen months of community corrections order and six months of community work.
Part of the Judge’s sentencing read thus, “The quantum of your offending is grave, i.e. $4 million, which was dispersed after you had been warned that you had come into possession of the victim’s property via their unfortunate mistake.”
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