I'm unsure about this. Given that they need 2 signatures on any cheque over £1,500 it seems strange that they didn't check large transfers with a second person within the club.
I'm treasurer of an association and over the past few weeks I've written 3 cheques to myself totalling about £800. We had equipment to buy on the internet and instead of using the association's bank card, I used my own account which issues a one-off, virtual card number for each on-line transaction (therefore much more secure), then reimbursed myself. The guy who used to look after our account (who knows me well) has been shifted to another branch, and the new wifie phoned our president to see what was going on. He'd already okayed what I was doing so was able to explain. For me that's the bank doing it's job.
Whether they have a legal obligation to carry out such checks is the issue.
Results 31 to 54 of 54
Thread: Hamilton Accies scam
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07-02-2018 08:23 AM #31
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07-02-2018 08:43 AM #32This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 08:52 AM #33This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 09:24 AM #35
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They can't just phone some random at the club if he / she isn't listed as an authorised contact. Hamilton even complain in the article that the bank divulged info to their chief exec after the incident as he wasn't listed as an authorised contact!
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07-02-2018 09:24 AM #36This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 09:26 AM #37This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 09:29 AM #38This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 09:36 AM #39
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07-02-2018 09:44 AM #40This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 09:50 AM #41This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
The account holder isn't the person with internet access - it's the club with the chairman being legally responsible. The bank will have had contact details of the company chairman, secretary and treasurer, together with any other person authorised to operate the account - ie. the signatories. That's where they come into it.
The bank would definitely have had the means to check on the transactions with someone else, the big question is whether they were legally obliged to do so.
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07-02-2018 10:51 AM #42This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 10:57 AM #43
So are Hamilton knackered? Are they doomed for the drop and maybe decade's in the wilderness of the lower leagues? Or will the money be reclaimed and they carry on making our top flight look even more Micky Mouse than it need be?
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07-02-2018 11:11 AM #44This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 11:13 AM #46This quote is hidden because you are ignoring this member. Show Quote
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07-02-2018 11:14 AM #47
"Hello there this is the bank calling, for security we need you to transfer money into this account." Either an inside job or someone's been an absolute idiot, don't see how the bank is accountable
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07-02-2018 02:00 PM #48
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07-02-2018 02:06 PM #51
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07-02-2018 08:05 PM #52This quote is hidden because you are ignoring this member. Show Quote
That said, I know of a case where two authorisations were required for internet banking and the two staff concerned just exchanged passwords to make life easier for themselves. No money was lost but it was not well received when the boss found out.Mature, sensible signature required for responsible position. Good prospects for the right candidate. Apply within.
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08-02-2018 09:20 AM #53This quote is hidden because you are ignoring this member. Show Quote
Apparently Accies entrusted their Internet banking to the only person in Scotland who would see nothing wrong in giving their account details to a philanthropic Nigerian general just to help him out.
Never mind whether the bank should have contacted someone else at the club to check - why on earth didn't the silly man who did the internet banking check with his chairman or other board members before he did anything so drastic?
I mean. It's over a million pounds.
Banks make it very clear that they will only contact customers in certain very clearly defined ways. Every now and again you get an email from Lloyds or Barclays or someone else telling you there's a serious problem with your account and would you send them your details. If you have no account with whoever it is, you bin the email. If it's from your own bank you immediately telephone their hotline (the one they gave you when you started online banking way back - not the one on the dodgy email you're phoning about) and check with them. THEN you bin the email. It's called phishing? Or attempted fraud?
FIFTEEN different accounts? That didn't seem suspicious?
PS: This may be totally unfair, but is claiming to be terminally stupid now considered to be a valid defence against charges of serious fraud?Last edited by --------; 08-02-2018 at 09:49 AM.
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08-02-2018 09:47 AM #54
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I once spoke to a guy who responded to an advert in his local newspaper in Preston, Lancashire. The seller asked him to transfer cash to a Nigerian bank account. I asked him why that hadn't raised an alarm bell when the seller was supposed to live in Preston. He said it was because he was buying an African grey parrot from him.
I can only assume Hamilton hired this chap to manage their finances.
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