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High Court Dismisses $5M Fraud Claim Against ASB Bank

9/26/2025

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Summary

Story summary

Angus McKenzie alleged fraud and theft by ASB Bank after a banking app discrepancy caused an $18.01 loss, seeking $5 million in damages.
The High Court dismissed the claim as frivolous and an abuse of court processes.
McKenzie had previously attempted similar claims against another bank, but the appeal court upheld the dismissal.

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Story summary

Angus McKenzie alleged fraud and theft by ASB Bank after a banking app discrepancy caused an $18.01 loss, seeking $5 million in damages.
The High Court dismissed the claim as frivolous and an abuse of court processes.
McKenzie had previously attempted similar claims against another bank, but the appeal court upheld the dismissal.