Drudge Retort: Red Meat for Yellow Dogs
Thursday, May 21, 2009

An international manhunt was under way Thursday for a New Zealand couple who fled after a bank mistakenly paid them NZ $10 million ($6 million US) when they applied for a loan of just NZ $10,000.

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temptation got the better of them. too bad the dollar isn't worth what it used to be.

$6,000.00 now becomes $6,000,000.00

Ahhh, the luxuries a misplaced decimal point can bring.

K-K-K-K-K-K Katmandu!

Is your name Michael Diamond? naw, mine's Clarence!

According to the article the boyfriend is Chinese and they're thought to have disappeared into China. Good luck finding them now!

I wonder how much of the money they got away with.

This isn't quite the same, but this article made me think of it, so I'll tell it now.

Two years ago my wife and I went to the bank for a loan to remodel the house. Actually a home equity line of credit. We wanted like $35,000. We gave 'em some info, they typed a bunch of stuff into a computer, then huddled in an office while we waited. The branch manager comes back out a few minutes later with a big ol' smile on his face and said our credit was excellent and we'd been approved for $240,000. I laughed so loud that I probably alarmed the other customers. Yeah, that quarter-million dollar debt would look great on the mantle, right next to my mortgage.

I have to admit, there was a weird feeling that came over me. Not so much to take the money and run, but to take the money and spend it - on things we needed, you know. The usual stuff - new clothes for the kids, new furniture, college fund, repaved driveway, new cars, hookers, maybe some meth.

Anyway. We simply borrowed what we needed and we're now paying it off.

Banks! They're funny.


'Go on take the money and run'

-Steve Miller.

Seriously though, they've become Federal Fugitives overnight.

These people will be caught. Especially because they don't seem like they really planned this out.

This is what pisses Me off. If we made a Mistake and gave them more money than we should they would keep it. But when it's them they will hunt You down. Fuck that in spades.

Larry

How does one make an error like this?


--------

CB--

I am surprised they didn't start negotiating with you.

You turned down 240k

They then offer 150k

You turn them down.

They offer 100k

You turn them down.

You really broke them down staying at the 35k you wanted in the first place.

;o)

Great story. I would have been tempted to the same thing. Non-extradition treaty country, here they come?

I wonder what happened to the dumbass $12/hr data entry clown that typed in the error at the bank. They should dock his pay for the next 300 years.

#9 | Posted by MURPHY #21

Does not own a home and knows nothing about home equity loans.

Thinking like your has gotten us inot this mess.

Here's a headline for you:

Bank makes off with 700 Billion in American's money. No international manhunt is presently underway. Only a way to see how they can get more...

Hope this couple is caught quick, arrested, and sentenced to at least 5 years of jail time.

Crisis

I don't see the criminality of this. THE BANK MADE A MISTAKE.

They did not brandish a weapon and take the money.
When we make a mistake of balancing our checkbook, there is no excuse, no grace period or do-over's...it's your fault and you pay....period

Sure their character may be called into question but criminals....I don't see it.


If i sit on the jury, I think the bank would have a hard time proving robbery.

Post #14 and 15.

You guys are joking, right. These clowns have loot that does not belong to them, period. Now if it was small change, like finding a wallet or keeping extra change after a cashier error, then okay, questionable character comes in. But 6 million!!!! Criminal in any court or any land.

There exist a few cases of bank tellers printing a few extra zeros on bank books. One Canadian guy hired a lawyer to try to keep the millions. My God, what a clown.

Crisis

Just this week, I made a deposit at the ATM. Got the receipt with picture of the check and all, correct deposit amount, but showing a total balance 20k too high. Called the bank, told them of their error. I was rewarded by them putting a hold on all my deposits for the week while they "investigate".


Maybe I should apply for a loan in NZ to tide me over.


#9 - Murphy -
I gave you sort of the abbreviated version. We decided not to pursue the first HELOC offer for a variety of reasons. When we reapplied last year, we agreed to take a $100k line of credit -- but only used $35k of it. They told us it would improve/maintain our high credit rating to take the bigger line but use only using part of what we qualified for. The interest rate is currently under 4 percent, which is nice.

Still, that temptation is there, to go ahead and finish the basement, pave that driveway, blah blah blah. But we're very disciplined savers/payers on our debts (we always pay off credit cards each month, for example), and we know better than to get in too deep. We've got our house 2/3 paid off after 6 years, and we're not interested in undoing that...

Not saying that it'd be right but a good percentage of folks would've been tempted to take the money and run. Heck that works out to $100,000 a year for 60 years even without investing it.

"But 6 million!!!! Criminal in any court or any land."


If it's not my money, then keep it out of my account.

#20 - Personally I can't justify what this couple did, but if I were the bank, I'd be nervous putting it to a jury.

What exactly would be the name of whatever criminal act they would be charged with?

"But judge I thought I was the lucky winner of the 6 million dollar givaway."

These people will be caught. Especially because they don't seem like they really planned this out.

#7 | Posted by COMMONSENSE at 2009-05-21 06:22 PM

kinda tough to work out a foolproof plan over the weekend. They did pretty well so far. I would have been tempted myself. Moving it to an offshore account was pretty ballsy!


Now if it was small change, like finding a wallet or keeping extra change after a cashier error, then okay, questionable character comes in. But 6 million!!!! Criminal in any court or any land.

interesting theory Crisis. You say it is ok to keep a few dollars you found in your wallet but not 6 million you found in your wallet. It seems to me that the folks who steal millions actually get lighter sentences then those who take a few hundred or thousand dollars.

I prolly would have gone for it too. Especially if I had contacts in China! Probably can't touch him there and 5-6 million will go a long long way!.

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