What It's Like To Suddenly See Your Bank Account at Negative $900,000 Thanks to PayPal

Illustration for article titled What Its Like To Suddenly See Your Bank Account at Negative $900,000 Thanks to PayPal
Illustration for article titled What Its Like To Suddenly See Your Bank Account at Negative $900,000 Thanks to PayPal
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This morning, 24-year-old web developer Derek Lanphier started seeing fraudulent charges on his PayPal account, adding up to about $3,000. Then, moments later, his bank account balance was at -$888,871.91. As he says, "I pooped myself a little."

Lanphier, who works for marketing company PopLabs, was clearly the victim of an big time phish—he suspects the dirty deed was linked to iTunes, which is all he used the PayPal account for.

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The initial charges had him "a bit freaked out," he says, and he quickly started making calls to PayPal and his bank to get things locked down. But by the time he was nearly a million dollars in the hole, it was all a little too absurd to worry about:

When it jumped to $888,000 I just started laughing. I mean, what are you going to do? If I had nearly nine hundred thousand dollars to lose, I might have really been worried. But seriously, what can you do other than laugh about that? That was also about the time I started showing everyone the screen cap. I mean, it was too epic to not share!

My life is pretty good, but when bad shit happens (which it really doesn't a lot) it's always epic. I kinda like that about myself.

Thankfully, Lanphier's bank says getting the charges reversed won't be a problem. But at least for one day, he can say he was a near-millionaire who lost it all. [Ryan Mathis]

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DISCUSSION

barrett66
Faslanetech

PayPal sucks. I shipped an iPhone to Saudi Arabia without insurance (buyer request) it never showed, I sent buyer copies of shipping materials, postal info etc. he still filed a claim with PayPal, who ruled against me and I had to pay him back 675.00 (he hasn't got a cent from me) Suck it PayPal!