Million Bank Error
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Bank Accidentally Deposited 4 Million
becomes $123 million ‘richer’ after banking error Matthew Pearce found A$123 million in his account Credit: Reuters what is unlimited overdraft Mark Molloy 26 May 2016 • 9:27am What would you do if you woke up to find millions of dollars that don’t belong to you in your account?
If The Bank Makes A Mistake Can I Keep The Money
Some may be tempted to go on a spending spree, although as one student allegedly found out, it’s probably not the best idea. Money, money, money Credit: AFP Melbourne man Matthew Pearce was left stunned when he checked his banking app and found someone had accidentally deposited 123 million Australian dollars (£60m) in his account. “It actually gave christine lee jiaxin me the option to transfer the money and BPAY it, so I could actively transfer money into someone else’s account,” he told Australia’s 9news. If a bank mistake means your balance is $123,456,789, someone's having a laugh. https://t.co/WRsTlnTre6 #bankbooboo pic.twitter.com/MlUb3uiXK2— Scott Gallagher (@ThievingBandito) May 25, 2016 “I was pretty shocked about it. I actually thought they’d actually paid me the money thinking I was someone else.” The 30-year-old explained that he when he contacted Commonwealth Bank about the error, a staff member laughed and replied, ‘oh, that’s great’.” He added that “nothing was done about the incident” until he received a phone call two weeks later from another staff member who said it was a “glitch in the system and it can happen sometimes”. A spokesperson for the bank said: “We’re investigating how this could have occurred but I can confirm our CommBank app and NetBank are working as normal. “Commonwealth Bank always encourages our customers to contact us any time of the day or night if they require assistance
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Chronicle Manawatu Guardian Kapiti News Hamilton News The Aucklander The Northland Age Stratford christine lee jail Press Herald Rugby Viva Dream Team Bite True Commercial Newspix Driven The Country nzherald.co.nz submit Navigation HomeNationalNationalInsightsNZ Herald FocusEducationCrimeEnvironmentPoliticsWeatherOpinionMaoriEmploymentQuizzesHealthLocal FocusOpinionOpinionFinancialYour ViewsMedia http://www.telegraph.co.uk/news/2016/05/26/lucky-man-becomes-a123-million-richer-after-banking-error/ BlogsCartoonsLiving in NZEditorialTravelPoliticalBusinessBusinessPersonal FinanceSmall BusinessWork LifeAround NZOur ExpertsEconomyDeloitte 200IndustriesToolboxPropertyTechTechICT NewsInternetScienceComputersWiredMobileSpaceGadgetsInnovationWorldWorldSouth AmericaVideosEuropeClimateMiddle EastAustraliaAfricaPacificDisastersAsiaStrange but TrueUSAPhotosSportSportSailingRugbyGolfLeagueMotorsportCricketParalympicsFootballMore SportNetballLive ScoresBasketballDream TeamTennisEntertainmentEntertainmentMusicSpyGamesCelebrityCultureReviewsWhat's onVideoSideswipeTVPuzzlesMoviesHoroscopeLifestyleLifestyleParentingHealth & WellbeingDesign & GardenFood & DrinkVivaFashion & BeautyCanvasRelationshipsPets & AnimalsTravelTravelInternationalNew ZealandCruisesNZ WalksTipsAustraliaAccommodationPacificDiscover America - Road tripsRuralMotoringMotoringDrivenPropertyPropertyResidential PropertyHerald HomesTrue CommercialClassifiedsClassifiedsPublic NoticesTrue CommercialBusinesses for SaleMotoring Sub NavigationWorldVideosClimateAustraliaPacificAsiaUSASouth http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=11634317 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+ 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
million overdraft By court reporter Karl Hoerr Updated May 05, 2016 18:59:11 Photo: Christine Jiaxin Lee was arrested at Sydney Airport before she boarded a flight to Malaysia. (AAP/Facebook) Photo: Christine Lee was http://www.abc.net.au/news/2016-05-05/woman-arrested-at-sydney-airport-over-alleged-fraud/7385482 granted bail on the condition she report to police twice a day. (Supplied: Vincent de Gouw) Map: Sydney 2000 A chemical engineering student spent millions of dollars on handbags and luxury goods http://www.dailytelegraph.com.au/news/nsw/women-arrested-at-sydney-airport-four-years-after-46-million-was-wrongly-transferred-into-her-account/news-story/7a2e693c2704f892df368e1db34c34df after a bank gave her the money by mistake, a Sydney court has heard.Christine Jiaxin Lee, 21, was arrested at Sydney Airport on Wednesday night and appeared in Waverley Local Court bank accidentally on Thursday.The court heard she was trying to board a flight to Malaysia using an emergency Malaysian passport.According to the police prosecutor, the money was accessed through an overdraft facility, mistakenly attached to a Westpac savings account.It is alleged Lee obtained $4.6 million fraudulently, $3.3 million of which has not been recovered.The money was spent on luxury goods including handbags.In addition to a charge bank accidentally deposited of obtaining financial advantage by deception, she was also charged with knowingly dealing with proceeds of crime.It's money we all dream about: magistrateMagistrate Lisa Stapleton appeared to suggest the second charge might be more difficult to prove."It's not proceeds of crime, it's money we all dream about," Ms Stapleton said.The court heard Lee had completed three years of a chemical engineering degree and had deferred her fourth year of study.She has been living in Australia for the past five years and in March, a warrant was issued for her arrest.Her boyfriend offered $1,000 in surety and agreed that she could live with him.Her Malaysian passport has already been seized.Ms Stapleton agreed to grant the woman bail on a number of conditions, including that she report to police twice a day.The case will return to court at the Downing Centre on June 21.Spending the money is a crime: policeSydney City Police Detective Inspector Sean Heaney said if members of the public found money in their accounts that should not be there, or they had an ability to overdraw on an account that they should not have, they should not spend th
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