Police investigating claim ‘$134k retirement money stolen’ by bank scammer

Police have confirmed they are investigating a complaint by a man claiming to have $134,000 stolen from his online SBS Bank account.

The man lost the money after cyber criminals hacked his online bank accounts, convinced staff to change his phone number, then siphoned his money in an elaborate scam, The New Zealand Herald reported.

The man discovered the money was missing in July after he went to pay bills and found his revolving mortgage account had been drained. He said SBS was refusing to compensate him for the missing money, The Herald reported.

When approach for comment SBS Bank said “we do take the protection and privacy of our Members’ personal information very seriously and have numerous safeguards in place to ensure it is.

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“This particular matter is currently under police investigation.”

It did not answer any other questions in relation to the incident including if the bank is looking to recoup or pay the money back to the client.

A police spokesperson said they “are continuing to make progress in our investigation into this matter”.

“We remain in regular contact with the victim and appreciate how upsetting this matter is for him.

“We are not in a position to comment on specifics…

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