Showing posts with label Westpac. Show all posts
Showing posts with label Westpac. Show all posts

Tuesday, May 26, 2009

Not theft. Not fraud. Not right either......

The police appear to be having some difficulty working out what charges to lay against Leo Gao and Kara Hurring, the couple who took the $10M Westpac Bank deposited in their account. It isn't theft, because they didn't steal it as the law described stealing. It isn't fraud because they didn't make any false representations. I'm sure there is a law to cover it, but the apparent confusion on the point is interesting. I'm assuming, of course, the confusion isn't just a ruse to get the pair to return to NZ.
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Thursday, May 21, 2009

What would you do?

A Rotorua couple appears to have taken off with $10 million belonging to the Westpac Bank. Instead of the $10,000 overdraft they were supposed to get, the bank gave them $10,000,000. The couple walked away from the BP petrol station they own and haven't been seen since.

The police say the money went "overseas". I'm sure it did.

What would you do? Would you know what to do? I wouldn't have a clue. I'd call the bank and point out their mistake and that would be that.

I'm so boring. ;-)
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