Steven Fields, the teen from Hull, Georgia, who went on an extravagant $25,000 shopping spree after a bank mistakenly deposited funds into his account, has been taken into custody according to authorities.
The 18-year-old turned himself in after failing to repay the entire $31,000 that accidentally appeared in his account on March 7 at First Citizen Bank.
Within ten days, Fields managed to deplete 80% of the money according to a Madison County incident report.
The teen withdrew $20,000 in cash, in addition to another $5,000 he spent on his ATM card, authorities reported.
Fields reportedly spent the money at a car dealership, various stores and a fast-food restaurant.
An employee at First Citizen Bank told deputies the mistake was exposed on March 17 when the actual owner of the money, who shares the same name as Fields, called to inquire as to the whereabouts of his funds.
On March 18, when Fields entered the bank allegedly attempting to make yet another withdrawal, the situation began to unfold.
According to an incident report, when the 18-year-old was confronted by the bank regarding the missing money, he was adamant that it was gifted to him, as he had inherited it from his grandmother’s estate.
When a deputy went to his residence to question him, he again repeated the same story, but did promise to speak with the bank to rectify the situation and avoid possible charges. According to deputies, he did not follow through on his promise.
Steven Fields is being charged with theft by taking, which is considered a felony.
In accordance with the law, a person can be found guilty of theft, “regardless of the manner in which the property is taken or appropriated.”
Steven Fields Who Went on a Colossal Spending Spree After Erroneous Bank Deposit is Arrested