Bank mistakenly gives woman unlimited overdraft of $3.4m on her savings account which she used to go on a shopping spree
SYDNEY – A 21-year-old woman has been charged with fraud after she spent US$3.4 million (Dh12.5 million) that was mistakenly credited to her bank account in Australia.
Malaysian student Christine Jiaxin Lee reportedly used the unlimited overdraft on her savings account to go on a shopping spree, spending much of it on designer handbags and renting a luxury apartment.
“That’s a lot of handbags,” magistrate Lisa Stapleton said on Thursday, according to Sydney’s Daily Telegraph. Stapleton questioned whether the cash could be considered a “proceed of crime”, saying “it’s money we all dream about”.
Police arrested Lee as she was trying to board a flight to Malaysia on Wednesday night. Police said she has been charged with dishonestly obtaining a financial advantage by deception and knowingly dealing with the proceeds of crime.
The case has been adjourned until June 21. ICA/Expat MediaJTNDYSUyMGhyZWYlM0QlMjJodHRwJTNBJTJGJTJGZXhwYXRtZWRpYS5uZXQlMkZjbGFzc2lmaWVkcyUyMiUzRSUwQSUwOSUzQ2ltZyUyMGJvcmRlciUzRCUyMjAlMjIlMjBhbHQlM0QlMjJCdXklMjBvciUyMHNlbGwlMjBhbnl0aGluZyUyMG9uJTIwRXhwYXQlMjBNZWRpYSUyMENsYXNzaWZpZWRzJTIyJTIwc3JjJTNEJTIyaHR0cCUzQSUyRiUyRmV4cGF0bWVkaWEubmV0JTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDE2JTJGMDIlMkZBRC1zdWJzZWN0aW9uLWNsYXNzaWZpZWRzLTE2NHgyMDkuanBnJTIyJTIwd2lkdGglM0QlMjIxMDAlMjUlMjIlMjBoZWlnaHQlM0QlMjIxMDAlMjUlMjIlM0UlMEElM0MlMkZhJTNF
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