So you wake up one morning… check your bank account balance and *snap* you’ve got $110,005.33!? Now what?

Hopefully eating it is out of the question.? 😕

A $110,000 deposit mysteriously appeared in the bank account of Stephen McDow, and guess what? He spent it.

Now dude is sitting in a jail cell for using money that wasn’t legally his to spend!? Details…

McDow woke up the morning of September 10, 2010, to discover he had a few extra zeros added to the balance of his bank account and thought his prayers had been answered.

Days earlier McDow, a husband and father of two, had been facing severe financial hardships. His family home was in foreclosure and he had debt to pay.

So a day later, on September 11, 201o, the Laguna Beach resident took out enough money to get his family out of debt. Withdrawing over $65,000 to get his home out foreclosure, purchase a new car and pay off his student loans.

The problem is that the huge deposit wasn’t his. It was erroneously deposited by the IRS (and Lord knows you don’t wanna mess with Uncle Sam!)

Apparently McDow’s bank account number formerly belonged to a? 67-year-old woman who utilized it when she e-filed her tax return.

The confusion began when the woman failed to notify the IRS that she changed her account number. The woman contacted the bank and found out that McDow had her money, and she, you know, demanded it back!

McDow, having spent over half of the dough already, offered to pay back what he’d spent in monthly installments, but of course, his offer was declined.

He posed for the mugshot above after being arrested and charged with a felony for “grand theft for misappropriation of lost property” and was jailed (consequently) on a $110,000 bond.

VIDEO: Man Jailed for Spending $110,000 Erroneous IRS Deposit

Question: What would YOU do if $110,000 mysteriously appeared in your bank account?