Man got $469K in payroll error

A man was arrested after allegedly getting $469,000 in deposits from company he never worked for. It was all because of a payroll error.

Anthony Armatys of Palatine, Ill., was arrested Wednesday on theft charges after allegedly receiving electronic payroll bank deposits from a New Jersey company he never worked for, authorities said.
Officials at Avaya Inc., a telecommunications provider located in Basking Ridge, discovered checks had been mistakenly direct deposited into his account for nearly five years, according to the Somerset County Prosecutor's Office.

Armatys, 34, had accepted a position with Avaya years ago, authorities said, but he rescinded the acceptance before he ever started working. However, a system error resulted in checks being deposited into Armatys' bank account from the fall of 2002 to March of 2007, when the company discovered the error, officials said.

During that time, Armatys collected more than $469,000 in pay and even withdrew approximately $1,900 from his company retirement account administered by Fidelity Investments, authorities said.
It is reported that the investigators took 11 months to do a thorough investigation, which resulted in the time gap between the discovery of the error and Armatys' arrest.

Avaya is told to have 18,000 employees globally and 1,800 in New Jersey. The official spokesperson refuesed to comment on the matter.(Source)