90 at 9: US house sales stabilising; US$1 bln missing in Stanford Ponzi scheme; Cindy Sou steals NZ$1 mln from Dame Kiri

90 at 9: US house sales stabilising; US$1 bln missing in Stanford Ponzi scheme; Cindy Sou steals NZ$1 mln from Dame Kiri


Bernard Hickey details the key news overnight in 90 seconds at 9am, including some signs that US existing home sales are stabilising and prices blipped up in March from February. Meanwhile receivers for the failed Stanford bank in the Caribbean said US$1 billion in cash is missing from the US$8 bln Ponzi scheme. Back home, a Californian bank manager called Cindy Sou, aged 27, faces embezzlement charges after stealing US$650,000 (over NZ$1 million) from Dame Kiri Te Kanawa's bank accounts.

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