don't employer check their accounts from time to time?

Discussion in 'Off-Topic Discussion' started by miraflores, Sep 17, 2011.

  1. miraflores

    miraflores Total Gardener

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    A firm in Lancashire had a dependant tranfering money -regular invoices-on her own account as opposed to the firm account for 2 years.
    Estimate of the loss for the firm £168,000!!!

    Once upon a time thieves were ashamed of their actions, but nowadays they are not ashamed at all. She even invited the employer to the wedding (paid basically with his money).
     
  2. Aesculus

    Aesculus Bureaucrat 34 (Admin)

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    Oh heard about this one! the employer even joked at the end of the wedding that they were going to have to go back to the offices on Monday and check the accounts!:WINK1:
     
  3. Phil A

    Phil A Guest

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    The head of the Stonemasons, on a firm I used to work for, made up a ficticious stone company & approved payment along with all the other legitimate invoices on a big job in London. There was so much stone being used the company didn't notice an extra £90k.

    We had wondered about the flash motorbikes he was riding.

    His downfall was that he made up the invoices on the firms computer & someone found them, wondered what another firms invoices were doing there & investigated.

    If he had done them on his own computer, he might have got away with it. Think he got a year in jail.
     
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    • *dim*

      *dim* Head Gardener

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      I have a friend in South Africa who was an accountant (the only accountant) for a law firm .... she worked there for several years and was told to 'manipulate the numbers' ...

      so, she done what was told .... Tax inspectors got suspicious and done a thorough audit

      result .... she got a 5 year jail sentence as she is a qualified accountant(she spent 2 years in jail and was released early) ....

      Lawyers got off scott free and pretended to know nothing and accused her in court and stiched her up

      I can however say that she was released from jail 2 months ago, and somehow have a feeling that she will be going back soon for 'grievious body harm' .... have known her since childhood and she is not someone to mess with ... had a chat with her a few days ago via email, and she is well cheesed off

      it's sad, as I like her ... salt of the earth type person ... but somehow I think she is going to be in a lot of trouble

      :cry3:
       
    • clueless1

      clueless1 member... yep, that's what I am:)

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      At one of my previous jobs, the PA to the director made herself a bob or too on the sly.

      She was basically ordering foreign currency from a broker that the company used all the time for foreign business trips. Because she was PA to the director and the money broker had been told she was cleared, they would sell the money without question, which she would collect. Then she'd take take the foreign cash to ordinary change places and get it changed into proper money which she then banked in her own account.

      No alarm bells were raised because the finance section that was obviously checking all the transactions just saw that the PA to the director had done it, and this wasn't unusual because she organised all the business travel for all the senior management team.

      A couple of hundred grand later, she got caught in the most unlucky way possible. She had an exemplary record, with no sick leave for years or anything. One day she phoned in sick. On that fateful day the money broker called her at work to ask her how she wanted the cash. "What cash?" asked the manager who'd taken the call in her absence.

      She didn't go to jail, but she had to pay the whole lot back, and had to sell her house to do it.
       
    • Jack McHammocklashing

      Jack McHammocklashing Sludgemariner

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      A work collegue diverted 93k to herself and 28k to her sister
      Got caught and was sentenced to a wopping 1 year suspended sentence

      Not a bad wage that 121k a year

      Planning for my retirement :-)

      Jack McH
       
    • lazydog

      lazydog Know nothing but willing to learn

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      You only hear about the ones who get caught makes you wonder what really goes on!
       
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      • shiney

        shiney President, Grumpy Old Men's Club Staff Member

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        Many years ago (I think it was 1983) a bank employee came up with a good scheme. He worked in the computer department of one of the major retail banks.

        In those days we were still using the half pence and shops still had many items that ended in a half penny. When people paid by cheque they used to right out the amount including the half penny. The banks didn't want to operate in half pennies when processing cheques so just used to ignore them and the retailers never bothered about it.

        This employee programmed the computer to move the half penny from the customers' bank accounts into one in his name. Nobody would notice what was happening because the retailer didn't expect to receive the half penny and the customer expected to pay it.

        During a check by the bank some sharp eyed person spotted what had been going on and reported it. By that time the employee had made about 1.5 million pounds. After taking legal advice the bank decided not to do anything about it except to ask the employee to resign. The bank (and retailers) could not claim that he had defrauded them as they had made the conscious decision not to take the half pence into account. The customers, in theory, could claim that he had defrauded them but they weren't on totally safe grounds with it and who wants to sue for the odd half pence?

        The bank didn't inform the retailers or customers and didn't publicise what had happened as they didn't want the bad publicity (I knew someone involved in the investigation).

        Result - no one damaged and the ex-employee (not me, just in case you were wondering :heehee:) a millionaire.
         
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