Ex Lloyds security boss charged

[crankedup]

Jessica Harper the former head of Fraud security has been charged with a fraud of around 2.4 million pounds. Rotten to the core allegedly, this will help the banks rebuild their lost public face no end if its a proven case.
Bump would hate for anyone to miss the chance to slag off some banking industry employee.;)

Edited by crankedup on Friday 25th May 17:36

[munky]

Yawn.

Subhinder Singh Prem the former head of Reebok India has been charged with a fraud of around $233 million dollars. Rotten to the core allegedly, this will help the sportswear industry rebuild their lost public face no end if its a proven case.

http://www.bbc.co.uk/news/business-18170674

Someone steals from a bank and it's the bank's fault?

So, why did you post a story about a robbery from a bank (the bank is the victim, remember) yet you didn't post a story about a fraud almost a hundred times larger?

Ah yes, that'll be the petty little chip on your wizened shoulder.

[rohrl]

If she was any good at her job as head of Fraud Security you'd have thought she'd get away with more than £2.4 million. £233 million out of Reebok before anyone noticed is incredible. That's a lot of invisible trainers.

[munky]

notice he has to bump his own threads, such is the lack of interest!

[crankedup]

munky said:

Yawn.

Subhinder Singh Prem the former head of Reebok India has been charged with a fraud of around $233 million dollars. Rotten to the core allegedly, this will help the sportswear industry rebuild their lost public face no end if its a proven case.

http://www.bbc.co.uk/news/business-18170674

Someone steals from a bank and it's the bank's fault?

So, why did you post a story about a robbery from a bank (the bank is the victim, remember) yet you didn't post a story about a fraud almost a hundred times larger?

Ah yes, that'll be the petty little chip on your wizened shoulder.

Why the attack on me, its a perfectly justified news worthy post? The reason why this case is so important and why I suggest it will not help build confidence within the public is simple. The banks are very high profile at the moment, the banks have said publicly they are rebuilding structures within the industry to stop rouges within acting like tossers. Clearly they have a long way to go when its news like this coming out. So there you have it, thats why I posted this little story for you and others to enjoy. When the industry has cleansed itself and set security into place that will prevent wrong doing, after all its other peoples money. Your cited Reebok case is of no consequence to me, I don't buy their products or invest in the Company in anyway shape or form, unlike the banks.
You seem to have a chip on your shoulder regarding my posts, don't read them.

[crankedup]

munky said:

notice he has to bump his own threads, such is the lack of interest!

Sure its not embarrassment of the banking industry being a rich field of wrong doing by employees at all levels, it seems. Still its not their cash is it!

[scenario8]

That is a lot of money to squirrel away in false invoices. How many lunches/weekends away etc can you fit in?

If proven, send her down and claim back her assets.

[munky]

crankedup said:

When the industry has cleansed itself and set security into place that will prevent wrong doing

Name one industry that has security in place that prevents all "wrong doing"

crankedup said:

after all its other peoples money

It's other people's money with Reebok, and a lot more of it and therefore an even more perfectly justified news worthy post, but it wouldn't suit your axegrinding would it now?

Righto, it's after 6pm so it's off to the rooftop champagne bar to spend your money. I bid you farewell

[scenario8]

It's still a valid thread though, isn't it? Head of Fraud of a huge UK corporation (one that also happens to be mostly state owned) nicked for fraud counted in seven figures. That's a valid story.

[Otispunkmeyer]

rohrl said:

If she was any good at her job as head of Fraud Security you'd have thought she'd get away with more than £2.4 million. £233 million out of Reebok before anyone noticed is incredible. That's a lot of invisible trainers.

Guys at Olympus have that beat... Think they squirrelled away close to a billion if not more.

http://www.financierworldwide.com/article.php?id=8...

And the top it off, they had an American CEO (I think) who, when he discovered this and brought it to the attention of the company, pretty much got the sack.

[rohrl]

Otispunkmeyer said:

Guys at Olympus have that beat... Think they squirrelled away close to a billion if not more.

http://www.financierworldwide.com/article.php?id=8...

And the top it off, they had an American CEO (I think) who, when he discovered this and brought it to the attention of the company, pretty much got the sack.

I heard a bit about this on Radio 4. The whistleblower was a Brit I think. Had been going on for 20 years apparently.

[AyBee]

scenario8 said:

It's still a valid thread though, isn't it? Head of Fraud of a huge UK corporation (one that also happens to be mostly state owned) nicked for fraud counted in seven figures. That's a valid story.

Banker bashing is boring at the best of times, let along when it doesn't even involve a banker!

[martin84]

munky said:

Yawn.
Someone steals from a bank and it's the bank's fault?

If I ran a bank the person I'd most suspect of defrauding my bank would be the person put in charge to investigate and prevent fraud. They have the most access to all the things they'd need.

[Alice Cupra]

scenario8 said:

....Head of Fraud of a huge UK corporation (one that also happens to be mostly state owned).....

39.7% state-owned is not "mostly"......

[martin84]

Alice Cupra said:

39.7% state-owned is not "mostly"......

Does any other single shareholder have more than 39.7%?

[Alice Cupra]

martin84 said:

Does any other single shareholder have more than 39.7%?

But aren't we always being told that the banks are owned by "The British taxpayer".

Which makes it 39.7% / 26 million taxpayers...?