Nz Bank Error
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HomeNationalNationalInsightsNZ Herald FocusEducationCrimeEnvironmentPoliticsWeatherOpinionMaoriEmploymentQuizzesHealthLocal FocusOpinionOpinionFinancialYour ViewsMedia BlogsCartoonsLiving in NZEditorialTravelPoliticalBusinessBusinessPersonal FinanceSmall BusinessWork LifeAround NZOur ExpertsEconomyDeloitte 200IndustriesToolboxPropertyTechTechICT NewsInternetScienceComputersWiredMobileSpaceGadgetsInnovationWorldWorldSouth AmericaVideosEuropeClimateMiddle EastAustraliaAfricaPacificDisastersAsiaStrange but TrueUSAPhotosSportSportSailingRugbyGolfLeagueMotorsportCricketParalympicsFootballMore SportNetballLive ScoresBasketballDream TeamTennisEntertainmentEntertainmentMusicSpyGamesCelebrityCultureReviewsWhat's onVideoSideswipeTVPuzzlesMoviesHoroscopeLifestyleLifestyleParentingHealth & WellbeingDesign & http://www.cnn.com/2012/08/24/world/asia/new-zealand-accidental-millionaire-sentenced/ GardenFood & DrinkVivaFashion & BeautyCanvasRelationshipsPets & AnimalsTravelTravelInternationalNew ZealandCruisesNZ WalksTipsAustraliaAccommodationPacificDiscover AmericaRuralMotoringMotoringDrivenPropertyPropertyResidential PropertyHerald HomesTrue CommercialClassifiedsClassifiedsPublic NoticesTrue CommercialBusinesses for SaleMotoring 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+ LinkedIn Not saved Email Print Banking Crime Christine http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=11634317 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 off turning 18. Police allege between July 2014 and April 2015 Lee alle
MSN Index Bing NBCNews.com sites & shows: TODAY Nightly News Meet the Press Dateline Morning Joe Hardball Ed Maddow The Last Word msnbc http://www.nbcnews.com/id/30860773/ns/world_news-weird_news/t/couple-withdraws-money-flees-after-bank-error/ Want more world news? Join us on Facebook | Follow us on http://www.stuff.co.nz/business/money/6922780/Not-guilty-plea-in-10m-bank-error-trial 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 bank accidentally Zealand couple who disappeared after a bank mistaken... 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 accidentally deposits bank mistakenly put 10 million New Zealand dollars ($6.1 million) into 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 radi
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 entering Rotorua court. Relevant offers Money British American Tobacco offers to buy Reynolds in US$47 billion deal How to accumulate and save with AA Smartfuel Single people facing struggle to service mortgages Take action to avoid KiwiSaver disappointment at 65 Trade Me Property data shows no rise in rents for third consecutive month Papakura Configure Express members claim refund demands going unanswered The psychology behind why that smashed avocado costs $22 When price doesn't matter: How we're tricked into needlessly spending hundreds of dollars Boom time for property owners on outskirts of Auckland Peter Townsend: International visitors - Can we cope? A Rotorua woman used her partner's ATM card to buy goods and withdraw cash knowing $10 million had been 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 Wynn's Casino in Macau. He left $50,000 in the personal account which Hurring had access to, the Crown said. Hurring has pleaded not guilty to 30 counts of theft, dishonestly using a bank card and money laundering. When Hurring arrived in Hong Kong with her daughter, she took a ferry to Macau and opened a "front money account" at the casino for HK$1.5 million (NZ$341,000) in gambling chips, accommodation and food with the money Gao had transferred. Only HK$100,000 was used to gamble with, the Crown allege. The remaining money - HK$1.4 million (NZ$318,000) - was not cashed in for