Citi made a $500 million mistake. Here's how that would play out for regular people
CNN
Citigroup lost a court battle Tuesday to claw back $504 million it mistakenly wired to Revlon's lenders in August. But don't get your hopes up that you could keep a chunk of change accidentally placed in your bank account.
A federal judge ruled that the wire transfers made by Citi (C), who was acting as Revlon's loan agent, were "final and complete transactions, not subject to revocation." However, in most instances of mistakenly receiving wired transfers, that's not the case. In fact, you would have to pay the money back — or face criminal charges. That's because of a common law doctrine known as "unjust enrichment", which generally obligates that a recipient of money wired by mistake is required to return the money to the sender. A Pennsylvania couple faced felony charges in 2019 after spending $120,000 accidentally deposited in their account.
Florida GOP congressman Rep. Neal Dunn was thrust into the spotlight after Trump said he had a heart problem and underwent surgery
White House chief of staff Susie Wiles has been diagnosed with early stage breast cancer, President Donald Trump announced Monday.
An Afghan man who served alongside US special forces and fled his native country after its takeover by the Taliban died over the weekend shortly after being detained by immigration authorities, according to his family and an advocacy group.
5 things to know for March 16: War with Iran, Oscar winners, Travel chaos, Severe weather, US airmen
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