David Wilson tried to check if his $200,000 investment had gone to the intended recipient. Kiwibank would only confirm it was a 'legitimate' account. He lost the money in a scam. Video / NZ HeraldA New Zealand First candidate and a former police officer who together lost more than $500,000 through a scam have filed a complaint with the Reserve Bank claiming Kiwibank harboured a “fraudulent” mule account that was used to siphon their stolen money overseas. The men argue had those concerns been escalated by Kiwibank staff, the retired police officer’s $300,000-plus investment might have been recovered.

Source: New Zealand Herald May 12, 2024 23:17 UTC