Westpac Bank loses $10,000,000,00 NZ

Westpac will not confirm that $10 million was transferred, when Gao and his partner applied for, and were granted, a $10,000 overdraft. However a Westpac spokesman today said the bank was pursuing vigorous criminal and civil action to recover the sum of money stolen

Category:

Film & Animation

Tags:

• News
• Video
• National
• Neighbours
• thought
• bank
• error
• runaway
• west
• pac
• westpac
• fraud
• news
• scam
• loses
• 10
• nz
• new
• zealand
• rotorua
• leo
• gao's
• gao

[dtops276]

i can't believe they started the news like that lol thats funny

[matetip]

leo! they know how we feel, they deserve it, RIP OFF BANK...

[boardiesbazza]

Good!  Fuck'em at Westpac. Serves them right for taking the piss on Mortgages

[Shaq6322]

@team1200 when all the employees time is spent on social loafing with the boss, these are the sort of things that are bound to happen.

[team1200]

@leaf16nut

100,000 USD whats that... $1000 Canadian?

Canadian dollar way higher then US dollar these days :)

[leaf16nut]

10 million NZ... what's that like, 100,000 USD?

[KATOMATE01]

Somehow I bet that guy got fired.....imagine his 6 month review....soooo your only screw up here seems to be giving out 10 million instead of 10 thousand...hmmm....well no big deal there....nice work mate.

[Finallythankyou]

@matetip Preach own Brahthah!!

[Finallythankyou]

Boooo!!! I was looking for Bank loses to the people who built house interest free.

[md991free]

The bank should have fire the head of operation for this terrible blunder. Why was it so easy for a teller to increase a small business owner line of credit 100 times what it was before without another higher up approval.

There were no check and balance here it seems.

[venuecam]

It's all fiat currency anyway. Numbers, No-one lost anything.

How about the way banks use Fractional Reserve Banking to do the same thing for every new loan or credit card the create. Now that wouldn't be criminal would it?

And the bank's best friends... mainstream media... come to the rescue to hunt down people who quite simply have done nothing wrong.

This is realty TV folks. try and hide. You've got buckley's.

[venuecam]

pretty sure that the person in question was a front for a Westpac director. How convenient that they've never publicly announced the outcome and that most customers have forgotten about it.

Oh yeh but Westpac were the first to hike their interest rates up right b4 xmas! Guess it all evens out for them in the end :)