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Thread ID: 99961	2009-05-21 07:39:00	Would You Return It?	pctek (84)	PC World Chat

Post ID	Timestamp	Content	User
775692	2009-05-22 00:13:00	What made you think that they'd be Asian? Many (or most) immigrants (other than Asians) also have overseas accounts and passports, too . :D Nothing rascist . Because he ran . Other immigrants sure, but to think he could get away with it, he'd have had to likely have an overseas account already, and one that probably can't be got at by NZ banks, and some way to run straight away . As the news said, NZ has agreements with certain countries so that eliminates US, UK, Aussie etc . Well any Commonwealth or English speaking country . Could have been South American, Nigerian or whatever too but it was an educated guess he'd be from one of the Asian countries .	pctek (84)
775693	2009-05-22 00:25:00	My guess was Indian but I was wrong I based it on the fact that the Indians have bought every gas station in Whest Ahuckland. The guy will get tracked down by the triad and is goneburger, he deserves nothing more than a nice bullet to the head which he is sure to get.	prefect (6291)
775694	2009-05-22 00:57:00	Nothing rascist. Because he ran. ... As the news said, NZ has agreements with certain countries so that eliminates US, UK, Aussie etc. Well any Commonwealth or English speaking country. Could have been South American, Nigerian or whatever too but it was an educated guess he'd be from one of the Asian countries. There are many Eastern European immigrants in NZ whose mother-tongue is not English.	bk T (215)
775695	2009-05-22 01:11:00	well, i keep checking my account for a stray $10mil but no luck. sure the right thing is to give it back but no good deed goes unpunished... If i had the means, i'd be long gone... whats the worse that'll happen. they get caught and do a little jail time. It's not like they held up the bank... there is no victim, banks loose this kinda money daily in intvestments, and gain it in others... hmmm, still no $10 mil in my account so guess i'll never know...	han308 (7457)
775696	2009-05-22 02:43:00	Sounds to me like Westpac made two avoidable mistakes. The first was obviously giving him the $10m AND not noticing afterwards till now, two weeks later, but then the fools let him wire transfer that much money overseas. To do a TT, you have to fill in a big form, provide ID, etc. The bank should have looked and seen that the money had JUST been deposited as a bank loan, and made enquiries over a $10 MILLION loan being sent overseas. Presumably now they are hopping the money from bank to bank or something. I'm sure he'll be caught soon unless he actually knows to to do really dodgy offshore account stuff, if that's even possible to do in this way...	george12 (7)
775697	2009-05-22 05:11:00	Nothing rascist . Because he ran . Other immigrants sure, but to think he could get away with it, he'd have had to likely have an overseas account already, and one that probably can't be got at by NZ banks, and some way to run straight away . As the news said, NZ has agreements with certain countries so that eliminates US, UK, Aussie etc . Well any Commonwealth or English speaking country . Could have been South American, Nigerian or whatever too but it was an educated guess he'd be from one of the Asian countries . Thought they were Asian too . After all corruption is ripe wherever you go in Asia .	qazwsxokmijn (102)
775698	2009-05-22 05:16:00	Thought they were Asian too. After all corruption is ripe wherever you go in Asia. Hmm. You just have to read the Shogun series by James Clavell to understand the mentality (love of gambling and corruption: rife in Asia, not to say that it isn't a problem elsewhere also)...	johcar (6283)
775699	2009-05-22 05:48:00	Yeah, it's rife everywhere else also.....but I was surrounded by it growing up. Not that my father did, but practically all his colleagues and friends did, which would explain their comfortable wealth, whereas my father who worked in a similar position could easily have but did not.	qazwsxokmijn (102)
775700	2009-05-22 08:30:00	Sounds to me like Westpac made two avoidable mistakes . The first was obviously giving him the $10m AND not noticing afterwards till now, two weeks later, but then the fools let him wire transfer that much money overseas . To do a TT, you have to fill in a big form, provide ID, etc . The bank should have looked and seen that the money had JUST been deposited as a bank loan, and made enquiries over a $10 MILLION loan being sent overseas . Presumably now they are hopping the money from bank to bank or something . I'm sure he'll be caught soon unless he actually knows to to do really dodgy offshore account stuff, if that's even possible to do in this way . . . You need to get your facts straight . Nobody gave anybody $10 million . The customer had the limit on his overdraft increased . Big difference . There was no $10 million loan sent overseas . :rolleyes: The following is from an email sent to the media and Westpac staff that should give you the correct story: I’m writing to update you on the Rotorua incident where a human error has occurred with a customer’s overdraft . I understand many of you have been approached by customers, friends and family about this incident . While in many cases the comments being made are light hearted, I’m sure many of you are concerned about this issue . It’s important that all of us understand what actually happened . To help in this, I’ve set out the main facts as follows: · The Westpac business customer had in place a temporary overdraft facility with a limit up to $100,000 . · He sought to formalise that limit, at which stage a human error occurred, the result of which was opening up that limit to $10m . · The customer then attempted to unlawfully transfer amounts totalling around $6 . 7m . · To date we have recovered nearly $3m . · We are continuing to vigorously pursue the outstanding amount of $3 . 8m . I’m very disappointed that this error occurred, as I am sure you are, but errors do happen . The important thing is to learn from this incident . Our bankers provide excellent service to our customers on a daily basis, and I’m confident that this incident was an isolated case . We are continuing to investigate this matter fully and at this stage, it appears the situation arose because of human error, rather than any serious issues with our systems . However, a number of additional controls have been put in place to ensure this mistake does not happen again . I would like to mention that this incident did not involve our Rotorua Branch directly . We are issuing a media statement today with this information . If there are any further developments or learnings as a result of our investigation, I will keep you up to date . I hope you have an enjoyable weekend with your family and friends . Take care, George . Next time, I suggest you obtain the facts before putting your erroneous thoughts into print . :horrified	Roscoe (6288)
775701	2009-05-22 09:19:00	You need to get your facts straight. Nobody gave anybody $10 million. The customer had the limit on his overdraft increased. Big difference. There was no $10 million loan sent overseas.:rolleyes: The following is from an email sent to the media and Westpac staff that should give you the correct story: I’m writing to update you on the Rotorua incident where a human error has occurred with a customer’s overdraft. I understand many of you have been approached by customers, friends and family about this incident. While in many cases the comments being made are light hearted, I’m sure many of you are concerned about this issue. All the details in that e-mail I am already aware of as it's in the news article. It’s important that all of us understand what actually happened. To help in this, I’ve set out the main facts as follows: · The Westpac business customer had in place a temporary overdraft facility with a limit up to $100,000. · He sought to formalise that limit, at which stage a human error occurred, the result of which was opening up that limit to $10m. · The customer then attempted to unlawfully transfer amounts totalling around $6.7m. · To date we have recovered nearly $3m. · We are continuing to vigorously pursue the outstanding amount of $3.8m. I’m very disappointed that this error occurred, as I am sure you are, but errors do happen. The important thing is to learn from this incident. Our bankers provide excellent service to our customers on a daily basis, and I’m confident that this incident was an isolated case. We are continuing to investigate this matter fully and at this stage, it appears the situation arose because of human error, rather than any serious issues with our systems. However, a number of additional controls have been put in place to ensure this mistake does not happen again. I would like to mention that this incident did not involve our Rotorua Branch directly. We are issuing a media statement today with this information. If there are any further developments or learnings as a result of our investigation, I will keep you up to date. I hope you have an enjoyable weekend with your family and friends. Take care, George. Next time, I suggest you obtain the facts before putting your erroneous thoughts into print.:horrified I meant giving him $10m credit, and obviously I realise this was an error! I could have said "accidentally made available to him $10m credit", but my point still stands. It should not have been possible for him to have transferred it out of the country! And yes, there was $3.8 million sent overseas (or $6.7 million and the rest recovered)! That's the whole point. I'm not rubbishing the bank for making the mistake in the first place, anybody can make a silly typo. My point is that they should have checked where the money came from before allowing a multi-million dollar international transfer from a customer who has previously not handled anywhere near this kind of money.	george12 (7)
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