Couple accused of spending $10.5M sent in error by Crypto.com on houses, a car, furniture, and gifts will face trial

Crypto.com sent a couple $10.5 million by accident last year, and took seven months for the company to realize its mistake.
Crypto.com sent a couple $10.5 million by accident last year, and took seven months for the company to realize its mistake.Jakub Porzycki/Getty Images
  • A couple accused of spending millions of dollars accidentally sent by Crypto.com will face trial.

  • Prosecutors say Thevamanogari Manivel and Jatinder Singh went on a spending spree with the funds.

  • The couple claimed they didn't know the money had been sent in error, the Daily Mail reported.

A couple are facing trial in Australia on theft charges after they spent millions of dollars Crypto.com wrongly transferred to their bank account.

The exchange mistakenly transferred $10.5 million, rather than $100, to Thevamanogari Manivel's account in May 2021 after the wrong figure was entered in the payment field, according to a default judgement in August. It took company executives seven months to realize their mistake and try to recover the funds.

During that time, prosecutors said that Manivel and her partner, Jatinder Singh, went on a spending spree with the cash.

The Daily Mail reported that Manivel and Singh bought four properties with the money, including a $1.2 million home in Melbourne, and put a $56,000 deposit on another house. The couple also gave more than $1 million to their three daughters.

The couple also spent $70,000 on a car for one of their children, another $1.2 million to pay off a friend's mortgage, and spent the rest on furniture, art, and other luxury products, the outlet reported.

Conor Healy, a detective senior constable, said agents apprehended Manivel, 40, at Melbourne airport carrying a large amount of cash and luggage, and a one-way ticket to Malaysia, per the Mail.

Singh had been a keen crypto trader, according to the Daily Mail, and had nearly $50,000 in his Crypto.com wallet. He reportedly claimed he had won the money from Crypto.com when the company eventually noticed the mistake.

Jessica Willard, Manivel's lawyer, told a hearing at Melbourne Magistrates Court in October that her client may not have known where the funds came from.

"The whole issue in relation to Ms. Manivel is the dishonesty element — whether she knew that the money was stolen or not," Willard said, per the Daily Mail.

Manivel and Singh both pleaded not guilty to theft. Manivel also pleaded not guilty to a count of negligently dealing with the proceeds of crime, per the outlet.

The court heard that $2 million in cash was still unaccounted for, along with assets worth a further $1 million.

The couple faces sentences of up to 20 years each if found guilty of stealing the funds from the Commonwealth Bank of Australia.

The couple faced a directions hearing in Victoria's County Court last month, with a further hearing scheduled for late March, news.com.au reported.

Damian Ellwood, a prosecutor, said communications between Crypto.com and the Commonwealth Bank of Australia would be "essential" to the case, per the outlet.

Crypto.com didn't immediately respond to a request for comment from Insider.

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