SkyCity Pays $2.7 Million Over Fraud Case

From 2004 to 2010, Herminia Lanuza used SkyCity’s Bank of New Zealand location to steal $2.7 million from her employer to fund her gambling habit. Blaming the bank for allowing the fraud to take place, Lanuza’s employer took the company to court, and the two parties have finally settled for an undisclosed sum of money.

The practices of SkyCity’s Bank of New Zealand have been named ‘socially questionable’ by the Problem Gambling Foundation. The bank is open 7 hours longer than other locations and does not hold cheques for any number of days before cashing them. While these practices are meant to protect customers from fraud, they also present plenty of opportunities for criminals.

As such, Lanuza’s former employer felt that the casino bank should take responsibility for the crimes committed. Police reports prove that she did not have the authority to cash cheques from the company or withdraw company funds, and SkyCity’s Bank of New Zealand failed to intervene. The High Court case was recently settled; however, the details of the transaction have yet to be revealed.

SkyCity Bank in Legal Trouble

SkyCity Casinos just can’t seem to keep itself out of the headlines. The famed New Zealand casino operator has found itself in quite a lot of trouble over the past year, and thing do not seem to be getting any better. Now, SkyCity’s BNZ branch is in trouble, after several criminals cashed fraudulent cheques at this particular bank.

The branch, which is open 15 hours every day of the week, has been questioned in terms of social acceptability. The casino states that the bank mostly carries out currency exchange; however, it has been the site of fraud and theft a number of times.

Over the course of the past few years, a woman named Herminia Lanuza used $2.7 million worth of her employer’s money to gamble in the high rollers lounge. She cashed many fraudulent cheques worth more than $700 000 drawn at the BNZ’s SkyCity Location. She also withdrew $120 000 from her company’s account.

The local government has questioned the bank’s opening hours and availability, in addition to the casino’s cash machines which allow unlimited withdrawals for patrons. It seems that the casino does not have many safeguards in place when it comes to banking fraud and something must be done, so as to prevent any similar crimes from taking place in the future.