And finally…man jailed over multi-million overdraft error freed after fraud conviction is quashed

Unemployed 29-year-old Luke Moore spent thousands on cocaine, strippers, cars, a boat and exotic holidays before the Australian bank St George realised what was happening.

The authorities were called and once they caught up with him he was arrested and sentenced to seven years in prison for obtaining financial advantage by deception and dealing proceeds of a crime.

However, Mr Moore, who was 22 when he opened the account, has now walked free after his conviction was overturned by the New South Wales Court of Criminal Appeal.

Unemployed and claiming benefits when his spending spree began, Moore ran up an overdraft of A$9,000 after a year - and then continued to withdraw and spend money, realising he had, in effect, a limitless overdraft.

Among his purchases were lavish holidays in Thailand and the Gold Coast, signed albums by Bob Dylan and Michael Jackson, a A$54,000 Stessl boat, a A$91,000 Aston Martin and a A$169,000 Maserati.

Police were eventually called in after the bank realised Moore owed them A$2.1m - A$1.1m of which had been stashed in secondary bank accounts.

Now free, he told Australia’s Daily Telegraph, “readjusting to real life,” living with his mother in Goulburn, New South Wales, and studying to become a criminal lawyer.

In his appeal judgment last month Justice Mark Leeming noted that Moore had acted “extremely foolishly” - but had not deceived the bank.

“The unusual aspect of Mr Moore’s conduct was that there was nothing covert about it,” Justice Leeming found. His bank statements had chronicled “with complete accuracy Mr Moore’s growing indebtedness.”

Although he says he wouldn’t do it again, Moore told the newspaper that he misses “cocaine, strippers and fast cars,” adding: “I had to give everything back and I now drive a shoebox Falcon but I’m happier this way as I’ve realised my family and friends are my biggest treasures.”