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I would send a certified letter, perhaps even drafted by one's attorney, to Google's legal correspondence address requiring them to resolve the situation.

by akeck 4y ago

Kon-Peki 4y ago
The law firm is also going to have a trust account to hold the funds while the situation works itself out. Where I live those trust accounts are interest-bearing, and the interest is swept into a state-run legal aid fund for the poor. So it would be a (very slight) added bonus that Google's payment mistake would have some societal benefit. Anyway, Google's fiscal quarter ends in ~2 weeks. They'll probably notice it when they reconcile accounts for SEC reporting, starting Oct 1.
- riskable 4y ago
  > They'll probably notice it when they reconcile accounts for SEC reporting, starting Oct 1. $250k is rounding error territory at such a large organization. Not only that but the person in question is registered to receive bug bounties worth... $250k. So no, I don't think they'd think twice about it when it comes time to reconcile the books.
  - Kon-Peki 4y ago
    That's just crazy. But totally believable. So I guess the question then is: "at what point can you keep it/spend it without any legal concern?"
- gruez 4y ago
  >Where I live those trust accounts are interest-bearing, and the interest is swept into a state-run legal aid fund for the poor. So it would be a (very slight) added bonus that Google's payment mistake would have some societal benefit. Realistically speaking the interest would get soaked up by the banks providing that account, because they'll be paying a pitiful rate[1] of 0.01% or whatever, whereas the prevailing rate for short term deposits is around 2.5%[2]. [1] random result: https://www.chase.com/personal/savings/savings-account/interest-rates https://www.chase.com/personal/savings/savings-account/inter... [2] https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202209 https://home.treasury.gov/resource-center/data-chart-center/...
- 5d8767c68926 4y ago
  >They'll probably notice it when they reconcile accounts for SEC reporting, starting Oct 1. I know several accountants who do not work for trillion dollar companies. Variances in the millions are a daily thing. The more money moving around, the more unqualified people categorizing it and the more likely there is mystery money that cannot be rectified.
lake_vincent 4y ago
This is the most practical and likely-to-succeed response I've seen here so far.

I would send a certified letter, perhaps even drafted by one's attorney, to Google's legal correspondence address requiring them to resolve the situation.

by akeck 4y ago

I would send a certified letter, perhaps even drafted by one's attorney, to Google's legal correspondence address requiring them to resolve the situation.

Kon-Peki 4y ago

The law firm is also going to have a trust account to hold the funds while the situation works itself out. Where I live those trust accounts are interest-bearing, and the interest is swept into a state-run legal aid fund for the poor. So it would be a (very slight) added bonus that Google's payment mistake would have some societal benefit. Anyway, Google's fiscal quarter ends in ~2 weeks. They'll probably notice it when they reconcile accounts for SEC reporting, starting Oct 1.

riskable 4y ago
> They'll probably notice it when they reconcile accounts for SEC reporting, starting Oct 1. $250k is rounding error territory at such a large organization. Not only that but the person in question is registered to receive bug bounties worth... $250k. So no, I don't think they'd think twice about it when it comes time to reconcile the books.
- Kon-Peki 4y ago
  That's just crazy. But totally believable. So I guess the question then is: "at what point can you keep it/spend it without any legal concern?"
gruez 4y ago
>Where I live those trust accounts are interest-bearing, and the interest is swept into a state-run legal aid fund for the poor. So it would be a (very slight) added bonus that Google's payment mistake would have some societal benefit. Realistically speaking the interest would get soaked up by the banks providing that account, because they'll be paying a pitiful rate[1] of 0.01% or whatever, whereas the prevailing rate for short term deposits is around 2.5%[2]. [1] random result: https://www.chase.com/personal/savings/savings-account/interest-rates https://www.chase.com/personal/savings/savings-account/inter... [2] https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202209 https://home.treasury.gov/resource-center/data-chart-center/...
5d8767c68926 4y ago
>They'll probably notice it when they reconcile accounts for SEC reporting, starting Oct 1. I know several accountants who do not work for trillion dollar companies. Variances in the millions are a daily thing. The more money moving around, the more unqualified people categorizing it and the more likely there is mystery money that cannot be rectified.

lake_vincent 4y ago

This is the most practical and likely-to-succeed response I've seen here so far.