Woman goes on shopping spree after crypto company accidentally sent her over $10.4 million

A woman in Australia went on a spending spree when a crypto company accidentally sent her $10,474,143.

The incident occurred when Thevamanogari Manivel received the money in her bank account in 2021. Instead of reporting it to authorities, she went on a shopping spree.

She spent almost the entire amount until Crypto.com discovered the error in December of that year.

Manivel was unable to return the money because, after it was transferred to a joint account she held with her sister Thilagavathy Gangadory, she had used the money to buy a house in Melbourne for AUD$1.35 million.

The court was informed that the illegally obtained funds had been used to buy four homes, all of which had been blocked by the Supreme Court as part of an ongoing civil case brought there by Crypto.com.

According to Senior Constable Healy, between December 24, 2021, and February 2022, $8 million was purportedly moved out of Manivel’s account.

Out of that, $1.2 million was used to purchase a mansion in Craigieburn, and $56,000 was used as a down payment on a residence in Mickleham.

Police allege Manivel lavished gifts on her daughters, giving $500,000 to one, $430,000 to another and $200,000 to a third daughter. 

Another $70,000 was used to buy her daughter in Melbourne a car and $1.2million gifted to her partner Jatinder Singh’s friend to pay off his mortgage on a Mickleham property. 

The rest was allegedly blown on furniture, art, and other luxury items. 

Manivel was recently ordered to sell her home and repay the funds with interest after Crypto.com won its legal case against her.

According to UNILAD, Justice James Dudley Elliot said during the ruling that evidence showed Manivel purchased her home through stolen funds.

“It is established that the Craigieburn property was acquired with funds traceable to the wrongful payment and would never have been in Gangadory’s hands if the wrongful payment had not been made. 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 orders relating to the sale of the Craigieburn property were appropriate.”

According to a CNBC story, Crypto.com sent millions of dollars to Manivel when it should have sent him only 68 Australian dollars.

Local law enforcement froze her assets after a lawsuit was brought against her in 2022.

Although cryptocurrency transactions cannot be reversed, centralized platforms may try to do so in the event of fraud or human error.

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