She did not get to keep the money, and might wind up doing some time. And she lost her job as a 911 dispatcher. https://www.theguardian.com/us-news/2021/apr/13/bank-error-in-your-favor-windfall-louisiana-woman
Folks, if Charles Schwab (or any financial institution for that matter) deposits $1.2 million into your account, by mistake, don't go on a shopping spree or something, just buy $1.2 million worth of Charles Schwab's stocks. Then, if you are caught, you can always say : "Hey, I invested all the money in YOUR company, you should thank me!" Just kidding, don't try this at home.
If Citi fat fingers a $500 million deposit you hire a lawyer and keep it. Schwab a little guy they go to jail?
“ It was one of the worst Wall Street mishaps in years: Citigroup accidentally wired $900 million last year to a group of lenders locked in a bitter dispute with the beauty company Revlon. On Tuesday, a federal judge ruled that the recipients don’t have to have to return the cash. Citi had intended to make a small interest payment on Revlon’s behalf but instead repaid the loan in full. And some of the lenders — who had sued Revlon and Citi seeking repayment of the loan — refused to return about $500 million” NYT