pkang0202
Joined: 09 Mar 2007
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 Posted: Wed May 06, 2009 8:10 pm Post subject: Korean homeless man dies with over $100,000 in the bank |
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http://ca.news.yahoo.com/s/afp/090506/oddities/lifestyle_skorea_homeless_banking
| Quote: |
SEOUL (AFP) - A homeless South Korean unable to withdraw his life savings because he could not remember his real name has died in poverty, officials said.
The man, believed to be aged 56, died of cancer last month, leaving 128 million won (just over 100,000 dollars) in a bank account that was opened in early 1993 under the alias of Na Hae-Dong.
The account was frozen several months later when a law took effect to ban accounts held under false names, as an anti-corruption measure. |
Here's the mess up part:
| Quote: |
| A local court is expected to order that the savings revert to the state, he added. |
So, the account holder can't touch the money, but as soon as he dies the State just takes it all. |
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