Thevamanogari Manivel was given a sentence of six months of unpaid community service and 18 months of community corrections, while her husband will go on trial for a plea in October.
After spending the money they obtained by mistake in 2021, the Melbourne couple who unintentionally received 10.5 million Australian dollars ($6.7 million) will go on trial in October for stealing.
Thevamanogari Manivel sent money to Jatinder Singh, her partner, via Crypto.com in May 2021. The exchange did notice that the bank account didn’t line up with the exchange account, though.
The exchange did notice that the bank account didn’t line up with the exchange account, though. As a result, a refund was given; however, instead of returning the 100 AU$ that the couple had attempted to deposit, the exchange inadvertently sent 10.5 million AU$ to Manivel’s bank account.
When the exchange conducted its yearly audit in December 2021, the error was not found until then. The judge decided that the money should be returned to the cryptocurrency trading platform after the exchange launched a complaint in Victoria Supreme Court. The couple allegedly went on a spending binge before the error was noticed, though.
According to reports, the pair sent close to $4 million AUD to a Malaysian bank account in addition to purchasing four homes, cars, and other stuff. One of the homes is a five-bedroom Craigieburn home valued 1.35 million Australian dollars, which the court ordered to be sold and the money given back.
The pair claimed in court in October 2022 that they believed they had won a prize from the cryptocurrency exchange. Singh asserted that he had already gotten a notification from the business about a contest. Michi Chan Fores, a compliance officer at Crypto.com, refuted the existence of such a contest. Fores pointed out that the exchange did not provide its users with such notifications.
Manivel, who was accused of stealing, has admitted guilt to handling criminal gains carelessly in September 2023. After 209 days in custody, she was sentenced to an 18-month community corrections order, which includes six months of rigorous compliance and unpaid community service. On October 23, Singh will go through a plea hearing.