NZ couple do a runner with $10m that was mistakingly lodged into their acc.

Run_to_da_hills · 21-05-2009 10:51AM #1

Police are looking for a New Zealand couple who did a bunk with 10m (€4.38m) that was mistakingly lodged into their account.

The couple, who ran a petrol station in the northern city of Rotorua, applied to Westpac Bank for a NZ$9,964 (€4,367) overdraft and had 1,000 times that amount paid into their account. Surely they can block this account?

Fair play to them

http://news.eircom.net/breakingnews/15713716/?view=Standard

phasers · 21-05-2009 10:56AM

God New Zealand money is really worth nothing...

delllat · 21-05-2009 10:59AM

they should have immediately booked flights to a country they cant be extradited from

theyre idiots if theyre still hiding in new zealand

id say someone in the bank would have got a right bollicking for that fcuk up

its nnot like he can pay it back out of his wages :rolleyes:

Shzm · 21-05-2009 11:09AM

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10573570 for a decent story on it.

And no they're not still in NZ, they're in China apparently.

PCros · 21-05-2009 11:13AM

Yeah whoever punched in the wrong amount must be in alot of trouble.

We stopped for petrol in that station they own when we were driving around NZ in our 'Jucy' camper.

robinph · 21-05-2009 11:15AM

It would take much less than NZ$10m for me to be using as an excuse to leave Rotorua.

Nice place to visit, but it stinks and I'd not want to live there.

Shzm · 21-05-2009 11:16AM

Ah you got used to the smell after a while, the actual town itself though.. no thanks.

Mr.Lizard · 21-05-2009 11:18AM

Don't blame them for running. Besides the cash, Rotorua is hell on earth. Place stinks of sulpher, there's nothing to do and they even charge you $10 at the airport before they'll let you leave to "pay for a runway we're building"! The place makes Ireland look like a country that knows what it's doing.

Rabies · 21-05-2009 11:19AM

phasers wrote: »

God New Zealand money is really worth nothing...

I know

Its been all over the news all day here.

javaboy · 21-05-2009 11:19AM

delllat wrote: »

they should have immediately booked flights to a country they cant be extradited from

I'd be fairly surprised if any country would grant an extradition order for taking advantage of a bank error. Does anyone know what crime they have technically committed?

robinph · 21-05-2009 11:20AM

Mr.Lizard wrote: »

...and they even charge you $10 at the airport before they'll let you leave to "pay for a runway we're building"!

They do that at all NZ airports, I think I got charged NZ$25 at Christchurch.

Mr.Lizard · 21-05-2009 11:22AM

robinph wrote: »

They do that at all NZ airports, I think I got charged NZ$25 at Christchurch.

I didn't get it at Auckland, Christchurch or Wellington.

Dennis the Stone · 21-05-2009 11:22AM

It would be such a dose having to give it back.

At first you would be like ,'God, I should call the bank and tell them.'

Ten minutes later it would be 'I deserve this. Look at all the money the bankers cost us. I earned this money and I'll die before they take it off me.'

delllat · 21-05-2009 11:23AM

heres a list of countries that dont allow extradition:

Afghanistan, Algeria, Andorra, Angola, Armenia, Bahrain, Bangladesh, Bosnia and Herzegovina, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China (People's Republic of China), Union of the Comoros, Congo, Democratic Republic of the, Cote d' Ivoire, Djibouti, Equatorial Guinea, Ethiopia, Gabon, Guinea, Guinea-Bissau, Indonesia, Jordan, Kuwait, Laos, Lebanon, Libya, Madagascar, Maldives, Mali, Marshall Islands, Mauritania, Micronesia, Moldova, Mongolia, Mozambique, Myanmar, Namibia, Nepal, Niger, Oman, Qatar, Russian Federation, Rwanda, São Tomé and Príncipe, Saudi Arabia, Senegal, Serbia and Montenegro, Somalia, Sudan, Syria, Togo, Tunisia, Uganda, Vanuatu, Vietnam, Western Samoa, Yemen, and Zimbabwe.

PCros · 21-05-2009 11:23AM

javaboy wrote: »

I'd be fairly surprised if any country would grant an extradition order for taking advantage of a bank error. Does anyone know what crime they have technically committed?

Taking money that is not belonging to them, which is highly significant in Law, basically they have no legal claim on the money.

Mr.Lizard · 21-05-2009 11:24AM

delllat wrote: »

heres a list of countries that dont allow extradition:

Afghanistan, Algeria, Andorra, Angola, Armenia, Bahrain, Bangladesh, Bosnia and Herzegovina, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China (People's Republic of China), Union of the Comoros, Congo, Democratic Republic of the, Cote d' Ivoire, Djibouti, Equatorial Guinea, Ethiopia, Gabon, Guinea, Guinea-Bissau, Indonesia, Jordan, Kuwait, Laos, Lebanon, Libya, Madagascar, Maldives, Mali, Marshall Islands, Mauritania, Micronesia, Moldova, Mongolia, Mozambique, Myanmar, Namibia, Nepal, Niger, Oman, Qatar, Russian Federation, Rwanda, São Tomé and Príncipe, Saudi Arabia, Senegal, Serbia and Montenegro, Somalia, Sudan, Syria, Togo, Tunisia, Uganda, Vanuatu, Vietnam, Western Samoa, Yemen, and Zimbabwe.

/a checks 365online just in case....

PCros · 21-05-2009 11:25AM

All the dodgy ones....;)

Rented Mule · 21-05-2009 11:25AM

Excellent .....they think we're New Zealanders.

Rabies · 21-05-2009 11:26AM

robinph wrote: »

They do that at all NZ airports, I think I got charged NZ$25 at Christchurch.

Its been gone for the past year.

petes · 21-05-2009 11:28AM

javaboy wrote: »

I'd be fairly surprised if any country would grant an extradition order for taking advantage of a bank error. Does anyone know what crime they have technically committed?

Some form of theft?

NZHERALD wrote:

Banking Ombudsman Liz Brown told the Daily Postthat generally speaking it was a criminal offence for someone to spend money accidentally put into their bank account if they knew the money wasn't theirs.
In her 15 years as banking ombudsman she had been involved in 10 to 20 cases of this nature. They were legally referred to as "payment by mistake".

robinph · 21-05-2009 11:28AM

Rabies wrote: »

Its been gone for the past year.

They were still charging it in September '08 for me, the b'stards.

Rabies · 21-05-2009 11:31AM

ha ha.
Last time I flew home was May '08 from Auckland and it was gone.

I'll bump this thread on the 27th of July when I fly home again for a few weeks

dotsman · 21-05-2009 11:57AM

javaboy wrote: »

I'd be fairly surprised if any country would grant an extradition order for taking advantage of a bank error. Does anyone know what crime they have technically committed?

They robbed a bank and got away with 6 million (around €2.5m)?

Are people that immoral, that the only reason they don't steal more often is because it is hard? An overdraft is the ability to borrow more than they have. The bank accidentally let them borrow 1,000 more than the bank was comfortable with. Regardless of how much they borrowed, they have to pay it back - on demand, and the fact that they have legged it is pretty much a clear indicator that they have no intention of doing so.

Crumble Froo · 21-05-2009 11:59AM

robinph wrote: »

They do that at all NZ airports, I think I got charged NZ$25 at Christchurch.

what?! when?!

Rabies wrote: »

Its been gone for the past year.

i know it was gone in auckland... and by 'gone', read 'added to taxes you pay for with the ticket'.

in chch, it was still in operation at the end of december (26th, i think it was) last time i left the bloody country.

javaboy · 21-05-2009 12:08PM

dotsman wrote: »

They robbed a bank and got away with 6 million (around €2.5m)?

No they didn't.

Are people that immoral, that the only reason they don't steal more often is because it is hard?

I'd return the money myself but I was asking what actual law they had technically broken.

An overdraft is the ability to borrow more than they have. The bank accidentally let them borrow 1,000 more than the bank was comfortable with. Regardless of how much they borrowed, they have to pay it back - on demand, and the fact that they have legged it is pretty much a clear indicator that they have no intention of doing so.

See that's where it gets a bit blurry. Normally an overdraft lets you run your current account into debt by a certain amount. The bank doesn't actually put the overdraft amount in your a/c. That would be a loan which is slightly different.

It could be argued that the only money they are obliged to pay back in terms of the overdraft is to the amount that was originally agreed i.e. 9,964. The rest of the money falls outside the overdraft agreement so why would they have to pay it back on the same terms as the agreed smaller sum?

faceman · 21-05-2009 12:18PM

You know what they say:

If you owe a bank a grand, its your problem.

If you owe a bank $10m, its the banks problem!

tallus · 21-05-2009 12:20PM

Mr.Lizard wrote: »

I didn't get it at Auckland, Christchurch or Wellington.

I got it at auckland

WindSock · 21-05-2009 12:22PM

How can they get money from their accounts?

Rabies · 21-05-2009 12:27PM

Personally I'd like to see the bank ask for it all back, but in cash only

Rabies · 21-05-2009 12:28PM

tallus wrote: »

I got it at auckland

I got it too, but are we talking about the same thing

Podge2k7 · 21-05-2009 12:28PM

Fair play to them!

NZ couple do a runner with $10m that was mistakingly lodged into their acc.

Comments