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Melbourne family received $10.4 million instead of $100

Family who got $10.4M refund instead of $100 goes on a huge spending spree and buys their dream home – but now they have to pay it all back

  • Crypto.com, which uses Matt Damon in ads, mistakenly transferred $10.4 million
  • The error was not discovered until seven months later during an audit
  • The woman who received the wrong referral spent $1.35 million on a luxury home

A high-profile cryptocurrency trader using movie star Matt Damon in its advertising mistakenly transferred nearly $10.5 million to a Melbourne woman.

Crypto.com took legal action against Thevamanogari Manivel and her sister Thilagavathy Gangadory after it took her seven months to realize her mistake.

The error occurred when the company tried to refund Ms. Manivel for $100 in May 2021, but entered an account number in the payment portion of the transfer.

The $10,474,143 error was discovered during a company audit just before Christmas.

Crypto.com accidentally transferred nearly $10.5 million to a Melbourne woman

Crypto.com accidentally transferred nearly $10.5 million to a Melbourne woman

By the time Crypto.com tried to get its money back, $1.35 million had already been spent on a luxurious five-bedroom home and the rest had been moved to other accounts.

The home in Craigieburn, a suburb of Melbourne, which has four bathrooms, a gym and a cinema, was purchased on February 3, the Herald Sun reported.

On Feb. 7, Crypto.com issued lockdown orders against Ms. Manivel’s bank account, but court documents show that $10.1 million had already been transferred to another joint account and $430,000 had been sent to her daughter, Raveena Vijian.

The home registration was then transferred to Malaysia-based Ms Gangadory before Crypto.com was able to obtain lockdown orders against her in March.

The company then filed a lawsuit against Ms. Gangadory in the Supreme Court to recover the cost of the house plus 10 percent interest.

The court heard that she was “seeking legal advice” and that her lawyers “would be in touch” but neither she nor she showed up.

Judge James Dudley Elliott ordered Ms. Gangadory to pay Crypto.com $1.35 million, $27,369 in interest and costs, and sell the Craigieburn home.

“It is established that the Craigieburn Property was acquired with monies attributable to the wrongful payment and would never have been in Gangadory’s hands had the wrongful payment not been made,” Mr Elliott said when he announced his verdict.

“Thus Gangadory was unjustly enriched by receiving the purchase price of the Craigieburn property out of the wrongful payment…

‘Accordingly, I was satisfied that the arrangements regarding the sale of the Craigieburn property were reasonable.’

Thevamanogari Manivel reportedly bought a luxury home (pictured) in Craigieburn, a suburb of Melbourne, after mistakenly receiving a $10,474,143 bank transfer

Thevamanogari Manivel reportedly bought a luxury home (pictured) in Craigieburn, a suburb of Melbourne, after mistakenly receiving a $10,474,143 bank transfer

The Victorian Supreme Court’s Commerce Division heard the case in May, with the reasons for Judge Elliott’s ruling announced last week.

Because Ms. Gangadory was not represented in court, Judge Elliott wrote that “References to the facts of this case based on such undisputed evidence may necessarily be challenged if Gangadory ever seeks to overturn the default judgment.”

The judge added that she “has not responded to any correspondence from (Crypto.com’s) attorneys” and that “failure to file an indictment results in the allegations in the indictment being deemed admissible.”

Separate orders were reportedly issued regarding the remainder of the money, which was mistakenly transferred to Ms Manivel.

Attorneys for Crypto.com, Cornwalls Law, told Daily Mail Australia that the matter could not be commented on as the matter is before the court.

Ms. Manivel and Ms. Gangadory could not be reached.

Thilagavathy Gangadory, who failed to appear in court, was ordered to sell the home (pictured) in Craigieburn, Victoria

Thilagavathy Gangadory, who failed to appear in court, was ordered to sell the home (pictured) in Craigieburn, Victoria

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https://www.dailymail.co.uk/news/article-11163347/Melbourne-family-given-10-4million-instead-100.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Melbourne family received $10.4 million instead of $100

Bradford Betz

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