Couple New Zealand Bank Error
Contents |
Public doctors to strike for 48 hours ... Read more Not guilty plea in $10m bank error trial MIKE WATSON Last updated 14:00 15/05/2012 Tracey Robinson/ Fairfax NZ Kara Hurring (L) and her Lawyer Simon Lance kara hurring entering Rotorua court. Relevant offers Money AA enters health insurance 'partnership' with NIB hui "leo" gao International Tenants Day draws attention to struggling Kiwi renters Richlister buys neighbouring Herne Bay properties for 'extravagant' super mansion
Leo Gao And Kara Hurring
Budget Buster: Squeezing the maximum joy out of every dollar Auckland must build or land values will fall, bank says Business owners upset at demise of TV shopping channel YesShop Student loan
Bank Accidentally Deposited 4 Million
borrowers seeking bankruptcy as millions in debts wiped due to insolvency One in 10 New Zealand families fell into 'Struggle Street' since 2006 Sellers wait for a premium while buyers take their time: Realestate.co.nz NZ real estate listings get Chinese translation on sites like Hougarden.com A Rotorua woman used her partner's ATM card to buy goods and withdraw cash knowing $10 million had been bank accidentally deposits money deposited into his Westpac overdraft account by a bank mistake, a Rotorua jury heard today. Kara Hurring, the ex partner of Leo Gao, left Rotorua for Auckland soon after the couple allegedly discovered the banking error in Gao's account in late April 2009. About $6 million was transferred to accounts in China, Westpac Bank recovered $2.9 million, and $3.3million is still outstanding, the court heard. Hurring was living with Gao in their Rotorua townhouse when Gao shouted one night "I'm f**king rich", Crown prosecutor Fletcher Pilditch said in his opening address today. Earlier he had arranged a $10,000 bank overdraft for his ailing service station business but through a clerical error was given $10 million. Within three days the couple left Rotorua "never to return". Gao was dropped off at Auckland International Airport by Hurring to fly to Hong Kong while Hurring stayed in Auckland using Gao's bank card to make withdrawals. She regularly exceeded the daily limit until she also left for Hong Kong on May 3, the Crown alleges. Gao transferred $500,000 from his Westpac business account to his personal ASB account, later sending $450,000 offshore to Wyn
Today The Rotorua Daily Post The Northern Advocate Wanganui Chronicle
Bank Accidentally Deposits A Ton Of Money
Manawatu Guardian Kapiti News Hamilton News The Aucklander The Northland if the bank makes a mistake can i keep the money Age Stratford Press Herald Rugby Viva Dream Team Bite True Commercial Newspix Driven The Country accidental millionaire nzherald.co.nz submit Navigation HomeNationalNationalInsightsNZ Herald FocusEducationCrimeEnvironmentPoliticsWeatherOpinionMaoriEmploymentQuizzesHealthLocal FocusOpinionOpinionFinancialYour ViewsMedia BlogsCartoonsLiving in NZEditorialTravelPoliticalBusinessBusinessPersonal FinanceSmall BusinessWork LifeAround NZOur ExpertsEconomyDeloitte 200IndustriesToolboxPropertyTechTechICT NewsInternetScienceComputersWiredMobileSpaceGadgetsInnovationWorldWorldSouth AmericaVideosEuropeClimateMiddle EastAustraliaAfricaPacificDisastersAsiaStrange but TrueUSAPhotosSportSportSailingRugbyGolfLeagueMotorsportCricketParalympicsFootballMore SportNetballLive ScoresBasketballDream TeamTennisEntertainmentEntertainmentMusicSpyGamesCelebrityCultureReviewsWhat's onVideoSideswipeTVPuzzlesMoviesHoroscopeLifestyleLifestyleParentingHealth http://www.stuff.co.nz/business/money/6922780/Not-guilty-plea-in-10m-bank-error-trial & WellbeingDesign & GardenFood & DrinkVivaFashion & BeautyCanvasRelationshipsPets & AnimalsTravelTravelInternationalNew ZealandCruisesNZ WalksTipsAustraliaAccommodationPacificDiscover America - Road tripsRuralMotoringMotoringDrivenPropertyPropertyResidential PropertyHerald HomesTrue CommercialClassifiedsClassifiedsMotoringTrue CommercialPublic NoticesResidential PropertyBusinesses for Sale Sub NavigationWorldVideosClimateAustraliaPacificAsiaUSASouth AmericaEuropeMiddle EastAfricaDisastersStrange but TruePhotos Bank error gives student $4.9 million overdraft By Andrew Koubaridis at news.com.au 9:30 AM Thursday May 5, 2016 SHARE: Facebook Twitter Google+ http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=11634317 LinkedIn Not saved Email Print Banking Crime Christine Jiaxin Lee spent a lot of the money on luxury handbags. Photo / Facebook The boyfriend of a Sydney woman who allegedly had A$4.6 million (NZ$4.98m) mistakenly given to her by her bank, said he was in shock over allegations. Vincent King arrived at Waverley Local Court this afternoon to bail out the chemical engineering student Christine Jiaxin Lee, 21, who he said was "a good girl". Mr King said he had "no idea" she had access to the money, had never seen her buy expensive items and was in the dark about his girlfriend's situation until she called him today asking for help. The court heard earlier that a Westpac "glitch" allowed Lee access to $4.6 million, part of which she spent on luxury handbags. The bank inadvertently gave Lee access to an unlimited overdraft account four years ago when she was a month
MSN Index Bing NBCNews.com sites & shows: TODAY Nightly News Meet the Press Dateline Morning Joe Hardball Ed Maddow The Last Word msnbc Want more world news? Join us on http://www.nbcnews.com/id/30860773/ns/world_news-weird_news/t/couple-withdraws-money-flees-after-bank-error/ Facebook | Follow us on Twitter Home US World Politics Business Sports Entertainment Health Tech Science Travel Local Weather Weird news on NBCNews.com Search Advertise Couple withdraws money, flees after bank error New Zealand institution mistakenly deposited $6.1 million into account Below: x Jump to text Police are looking for a New Zealand couple who disappeared after a bank mistaken... text x Jump to discuss comments bank accidentally below discuss x Next story in Weird news related Advertise Video: Couple takes mistaken millions and runs Open in new window updated 5/21/2009 4:55:45 AM ET 2009-05-21T08:55:45 Print Font: + - WELLINGTON, New Zealand-- Police are looking for a New Zealand couple who disappeared after a bank mistakenly put 10 million New Zealand dollars ($6.1 million) into their account. The couple, who ran a gas station in bank accidentally deposits the northern city of Rotorua, applied to Westpac Bank for a NZ$10,000 ($6,000) overdraft and had 1000 times that amount paid into their account. The two then withdrew some of the money and disappeared, Detective Senior Sgt. David Harvey said. Harvey said Interpol has been contacted for help, suggesting authorities believe they may have fled abroad with the cash. "We are currently conducting an investigation into the individuals that may have been involved in the withdrawal of that money," Harvey said. ‘Vigorous’ legal action pursued Westpac Bank said in a statement it was "pursing vigorous criminal and civil action to recover the sum of money stolen," but declined further comment. Massey University banking lecturer Claire Matthews said the "lucky" recipients likely would not get away with the cash. "They've effectively, I guess, become thieves — but it is only going to be a matter of time" before they are found, she told the NewstalkZB radio network. The pair would be hard pressed to argue they honestly believed they were entitled to such a huge sum of money, she added. More on New Zealand Copyright 2009 The Associated Press. All rights reserved. This material may not be