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Banks losing millions to fraudsters
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bwenyenye
#21 Posted : Friday, December 07, 2012 2:44:20 PM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
nakujua wrote:
bwenyenye wrote:
keraka wrote:
That is what just leaks to the media.The figures if you are told are mind boggling and infact can cause a run on banks hence collapse.Ask your self do you wonder which business some pple do to enable them put up multiple apartments without taking loans.You read me.


Boss... Banks take insurance. It is the insurance companies that eventually feel the pinch.


don't you think if the banks keep the crimes under wraps insurance companies don't have to pay, if the bank does not report it, then it never happened.
for insurance company to come in the police have to be involved


The frauds are reported to the police and are investigated. Just that this is rarely done in camera glare. Many cases don't get to court though but insurance companies still pay.
I Think Therefore I Am
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Ngong
#22 Posted : Friday, December 07, 2012 10:35:55 PM
Rank: Veteran

Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
nakujua wrote:
InnovateGuy wrote:
Ngong wrote:


Is this not a script from a movie where a group of young guys who are retrenched from an accounts firm find themselves with a lot of cash from cents transfer to one of their secret account? luckily the firm burns down to ashes before they confess!
Why didn't Equity burn?


True story. Refer to post # 9.

Somehow, the story was classified.


@ngong equity si kiosk, its a one of the big bank players in the country


I understand they keep all the information in one big computer called server!
This guy should just have hit it with a BIG Hammer or better stil replace it with a Brand NEW one - who hates a new PC!
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Mtu Biz
#23 Posted : Friday, December 07, 2012 10:49:32 PM
Rank: Veteran

Joined: 1/16/2007
Posts: 1,320
Ngong wrote:
nakujua wrote:
InnovateGuy wrote:
Ngong wrote:


Is this not a script from a movie where a group of young guys who are retrenched from an accounts firm find themselves with a lot of cash from cents transfer to one of their secret account? luckily the firm burns down to ashes before they confess!
Why didn't Equity burn?


True story. Refer to post # 9.

Somehow, the story was classified.


@ngong equity si kiosk, its a one of the big bank players in the country


I understand they keep all the information in one big computer called server!
This guy should just have hit it with a BIG Hammer or better stil replace it with a Brand NEW one - who hates a new PC!


Laughing out loudly Laughing out loudly Laughing out loudly one big computer called server lol!
Sola Scriptura
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xyzee
#24 Posted : Friday, December 07, 2012 11:35:08 PM
Rank: Veteran

Joined: 1/9/2009
Posts: 1,262
mawinder wrote:
Reading through today's daily nation,an advocate was charged with stealing 50 m from ekwetee and some 3 other guyz were charged with stealing 100m from coop.seems this is the new trend of robberies.any wazuan with ideas on how the crime is perpetrated?

Suspense account or commission A/C fraud insiders take advantage of the fact that no one can tell the bal in this accounts as they are extreamely busy. Mostly done through multiple transfers to external accounts.
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mawinder
#25 Posted : Thursday, January 03, 2013 9:56:29 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Was in court today and a cashier was charged with stealing 60.2m from KCB Rongai branch.The guy looked barely 30 years and was released on a cash bail of 5m.
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dunkang
#26 Posted : Thursday, January 03, 2013 10:10:55 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mawinder wrote:
Was in court today and a cashier was charged with stealing 60.2m from KCB Rongai branch.The guy looked barely 30 years and was released on a cash bail of 5m.


That you will never hear in Shitty-Zen at 9 News.
Receive with simplicity everything that happens to you.” ― Rashi

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mawinder
#27 Posted : Thursday, January 03, 2013 11:00:00 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
dunkang wrote:
mawinder wrote:
Was in court today and a cashier was charged with stealing 60.2m from KCB Rongai branch.The guy looked barely 30 years and was released on a cash bail of 5m.


That you will never hear in Shitty-Zen at 9 News.

I saw some reporters from Citizen,Nation and Standard.Our reporters only consider it news when the cash is stolen on transit or when there is a burglary and 5m is lost.
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harrydre
#28 Posted : Friday, January 04, 2013 12:14:27 AM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
nakujua wrote:
bwenyenye wrote:
keraka wrote:
That is what just leaks to the media.The figures if you are told are mind boggling and infact can cause a run on banks hence collapse.Ask your self do you wonder which business some pple do to enable them put up multiple apartments without taking loans.You read me.


Boss... Banks take insurance. It is the insurance companies that eventually feel the pinch.


don't you think if the banks keep the crimes under wraps insurance companies don't have to pay, if the bank does not report it, then it never happened.
for insurance company to come in the police have to be involved


reputation a guy...they don't want customers fleeing.
i.am.back!!!!
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Tokyo
#29 Posted : Friday, January 04, 2013 2:36:59 AM
Rank: Veteran

Joined: 10/9/2006
Posts: 1,502
This are very serious crimes. Stiff penalties to deter future similar offenses. Like the madoff guy
work to prosper
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D32
#30 Posted : Friday, January 04, 2013 7:57:03 AM
Rank: Member

Joined: 2/16/2012
Posts: 808
Ok, so, which bank has the least or no internal fraud?

I&M? CFC Stanbic? DTB? Standard Chartered?
They tried to bury us, they didn't know we were seeds.
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