New Zealand Banking Error
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Hui "leo" Gao
in the News Special Reports Explainers The Reporters Have Your Say Asia selected China India kara hurring Asia Asia New Zealand 'accidental millionaire' jailed 24 August 2012 From the section Asia Share Share this with Email Share this with Email leo gao and kara hurring Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp Linkedin Share this with Linkedin Copy this
Bank Accidentally Deposited 4 Million
link http://www.bbc.com/news/world-asia-19364838 Read more about sharing. Close share panel × Image caption The bank had mistakenly deposited millions of dollars into Mr Gao's account A New Zealand man who fled to China after millions of dollars were accidentally put in his bank account has been jailed for four years and seven months.Hui "Leo" Gao left for China in 2009 after Westpac Bank mistakenly gave him a NZ$10m ($7.5m; £4.65m) overdraft.His former girlfriend, Kara Hurring,
Bank Accidentally Deposits Money
received nine months' home detention.The pair, dubbed the "accidental millionaires", were sentenced at a court in Rotorua.The trial ended a saga that has grabbed international attention. They were caught last year after being on the run for more than two years.Gao, 31, pleaded guilty to seven charges of theft totalling NZ$6.7m in June. He was arrested and extradited from Hong Kong in December. He said in court that he would not be able to pay back the money, New Zealand media reported.Hurring, 33, was found guilty of money laundering, attempted fraud and theft in May. She was arrested after returning to New Zealand in February 2011 and convicted in a Rotorua court after a four-day trial.She pleaded not guilty, saying Gao had told her he won the lottery. She was also ordered to pay reparations of about NZ$11,800 to the bank.Westpac did not comment on the sentencing. Reports said the bank has recovered NZ$2.9m but is still seeking NZ$3.79m. On the runIn 2009, Gao had asked the bank for a NZ$100,000 overdraft to help support his struggling garage. The bank found out about the error days after transferring the millions into Gao's business account.But by then, police said, the couple had transferred more than half of the money into other accounts and then fled to Hong Kong.They allegedly went on a
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If The Bank Makes A Mistake Can I Keep The Money
Business Sports Entertainment Health Tech Science Travel Local Weather Weird news on NBCNews.com Search Advertise Couple withdraws money, flees accidental millionaire 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... http://www.bbc.com/news/world-asia-19364838 text x Jump to discuss comments 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 http://www.nbcnews.com/id/30860773/ns/world_news-weird_news/t/couple-withdraws-money-flees-after-bank-error/ their account. The couple, who ran a gas station in 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, s
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Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which news your want direct to your inbox. Create account now! Become a SMH member today! Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which news your want direct to your inbox. Create account now! Home News Sport Business World Politics Comment Property Entertainment Lifestyle Travel Cars Tech Video All News NSW News National Environment Health Education Investigations Good Weekend Photo Galleries Clique Photos Victoria News Queensland ACT News WA News Sport NRL Union AFL Football Cricket Racing Motorsport Basketball Netball Cycling Tennis Scores Golf US Sports Athletics Swimming Boxing Sailing Business News & Views Markets Quotes Workplace Consumer Property Innovation Retail Economy CBD Money Small Business World Race to the White House Migrant Crisis Politics Political News Political Opinion Video Cartoons The Pulse Federal Election 2016 Your Vote Electorate Map Comment Letters Editorials Column 8 Obituaries Peter Hartcher Ross Gittins Jessica Irvine John Birmingham Satire Entertainment Movies TV & Radio Music Books Art Stage What's On in Sydney Video SMH Art Shop Lifestyle Beauty Wellbeing Fashion Shopping Celebrity Home & Style Life Horoscopes Tech News Security Web Culture Innovation Sci-Tech Gadgets Games Smartphone Apps Mobiles IT Pro Video News Sport Business Entertainment Lifestyle Travel Property Cars Food Exec Style Parenting Search Site News & Views Markets Quotes Workplace Consumer Property Innovation Retail Economy CBD Money Small Biz Home Business May 15 2012 Save Print $10 million Westpac blunder: ex-girlfriend denies knowledge of bank error Mike Watson facebook SHARE twitter TWEET email google-plus linkedin reddit More A New Zealand woman used her partner's ATM card to buy goods and withdraw cash knowing $NZ10 million ($7.8 million) had been deposited into his Westpac overdraft account by a bank mistake, a Rotorua jury heard today.Kara Hurring left Rotorua for Auckland soon after she and ex-partner Leo Gao allegedly discovered the banking error in Gao's account in late April 2009. Denies the charges ... Kara HurringPhoto: Tracey Robinson About $NZ6 million was transferred to accounts in China, Westpac Bank recovered $NZ2.9 million, and $NZ3.3million is still outstanding, the court heard.Hurring was living with Gao in their Rotorua townhouse when Gao shouted one night "I'm f---ing rich", Crown prosecutor Fletcher Pilditch said in his opening address today. Kara Hurring and her