It's called the ''Complete Freedom account'', but St George Bank probably didn't have in mind the same kind of latitude as Goulburn man Luke Brett Moore.
The unemployed 25-year-old allegedly defrauded the financial institution to the tune of nearly $2.2 million over 18 months, simply by overdrawing his account.
According to police documents, Moore set up the Complete Freedom account in March 2010.
It was established with the proviso that a relationship officer would oversee transactions, police allege. But it seems that never occurred, and Moore took full advantage.
Police claim he overdrew the account on 48 separate occasions, netting him $2,189,000, which he spent between early 2010 and July 13 this year.
In that time, he allegedly made some impressive purchases to show off around Goulburn. A Maserati, an Alfa Romeo, a new Stessl Sea Hawk boat and trailer, a 2012 Hyundai Veloster and a car key for an Aston Martin DB7. He also had a framed Michael Jordan shirt, signed photos of Kylie Minogue, an autographed Michael Jackson picture, and a similarly-signed picture of the stars from TV show Top Gear.
Then there was the art - including a piece from the renowned British street artist Banksy.
Astonishingly, it seems, nobody noticed.
While he was allegedly withdrawing more than $2 million, the same account only received $6682.04 in deposits from Centrelink Newstart and an insurer.
Police allege Moore tried to disguise his actions by transferring the money to other accounts.
In October 2010, he opened an iSaver account with the National Australia Bank.
Further credits totalling $2153 arrived from Centrelink Newstart, but then three months later a cheque to the value of $17,638.31 was deposited into the account. Seven days later, another of $103,691.30 was added. As of July 16 this year, the NAB account held $507,566.29.
The accused had also previously opened a PayPal account with NAB. Between December 21, 2011, and July 13, 2012, a total of $1,789,000 had been transferred from Moore's St George account to the NAB PayPal account.
On December 16 last year, Moore opened a second NAB iSaver account, this time through a Surfers Paradise branch. By August 31 this year, that account held $271,525.83.
He opened a third iSaver account on May 17 this year, through NAB's Canberra City branch. By August 31, the account contained $202,839.42.
Documents seen by Fairfax Media suggest by the time Moore's St George account was closed on August 10 of this year, it was overdrawn by the sum of $2,180,583.86.
Noticing the rather glaring anomaly, St George contacted Goulburn police in September 2012 and began an investigation. On Wednesday morning, police raided Moore's West Goulburn home, seizing hundreds of thousands of dollars worth of goods and arresting him.
He was charged with knowingly dealing with proceeds of crime and dishonestly obtaining a financial advantage by deception. Moore was granted strict conditional bail at Goulburn Local Court on Wednesday and is due to appear at Goulburn Local Court on February 13. With Goulburn Post