Bank foolishly loaned $2 million to unemployed man, he spent most of it on strippers and cocaine and wasted the rest

The story of how a young man from country New South Wales got away with spending $2.1million of a bank's money is being turned into a podcast and film.

Luke 'Milky' Moore had lost his job after a serious car accident on his girlfriend's 21st birthday and was being paid Centrelink benefits when he opened a St George 'Freedom Account' in 2010.

Mr Moore soon learnt he could request tens of thousands of dollars at a time and the bank would always pay him, whether he had savings to cover the withdrawal or not.

What the 23-year-old did next was perhaps unsurprising: he bought cars, hired strippers and snorted cocaine until he had gone through more than $2million and police came knocking at his door.

The now 34-year-old traces his problems with police back to his accidental windfall from St George which the state's highest court found was essentially the bank's fault.

With his newfound wealth Mr Moore had bought an Aston Martin, an Alfa Romeo, a fishing boat and artwork including a Pro Hart painting and a Banksy print of a 'Princess Diana' £10 note.

He picked up Picasso sketches and a couple of Andy Warhols as well as sporting memorabilia such as a signed Michael Jordan singlet.

Mr Moore splashed out on holidays to Thailand and after flying to Surfer's Paradise for a weekend moved to the Gold Coast.

'I went to strip clubs and spent hundreds of thousands of dollars on girls, alcohol, cocaine and whatever else.'

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