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Author Topic: Would this be classed as Fraud...?  (Read 2120 times)

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JamesV6CDX

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Re: Would this be classed as Fraud...?
« Reply #15 on: 08 August 2008, 16:12:45 »
No joke, I once had £420,000 deposited in my current account.

Needless to say I called the bank! They said it was an "online banking error"...
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psychnurse

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Re: Would this be classed as Fraud...?
« Reply #16 on: 08 August 2008, 16:15:14 »
 :o :o :o :o

They could have offered just £20,000 in compo  ;) For the inconvenience  ;D
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Elite Pete

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Re: Would this be classed as Fraud...?
« Reply #17 on: 08 August 2008, 16:24:11 »
Quote
No joke, I once had £420,000 deposited in my current account.

Needless to say I called the bank! They said it was an "online banking error"...
Now thats worth a sore bum and 6 months inside  :D
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The Red Baron

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Re: Would this be classed as Fraud...?
« Reply #18 on: 08 August 2008, 16:24:16 »
think i would keep my mouth shut & see wot happened.
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psychnurse

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Re: Would this be classed as Fraud...?
« Reply #19 on: 08 August 2008, 16:29:47 »
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Quote
No joke, I once had £420,000 deposited in my current account.

Needless to say I called the bank! They said it was an "online banking error"...
Now thats worth a sore bum and 6 months inside  :D




Probably right there  :y :y
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FRE07962128

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Re: Would this be classed as Fraud...?
« Reply #20 on: 08 August 2008, 17:07:44 »
I have been reading this thread with interest, and as I was brought up on "honesty in the best policy" I would always question the bank on any unknown deposits into my account.

The law is also clear that the money is NEVER yours and if you spend it you can be proscuted for theft when you know the money, especially a large amount, cannot possibly belong to you.  The money can certainly be demanded by the bank and there is no time limit on them doing so.

I have found the following that backs up this statement:

http://money-watch.co.uk/3799/bank-error-in-your-favour-part-2

and

http://news.bbc.co.uk/1/hi/magazine/6966683.stm

If this is not really a theoretical situation then for goodness sake do not spend it is my advice!  ::) ::) ::)  Somebody will be looking for their money eventually! ;)

 ;) :y
« Last Edit: 08 August 2008, 17:08:31 by FRE07962128 »
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psychnurse

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Re: Would this be classed as Fraud...?
« Reply #21 on: 08 August 2008, 17:13:26 »
Some good links LZ... good reading. Thank you  :y :y

I have never had any deposits made.... sure a few mistakes LOL  ;) Yep, you are right... they will always get their cash in the end.  :(
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JonArgraig

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Re: Would this be classed as Fraud...?
« Reply #22 on: 08 August 2008, 17:57:26 »
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the money has been with drawn dishonestly.  Reason being, the account holder knows its not thiers and therefore should have mentioned it.


Nail on the head...

Bottom line, I'm not sure the Police would get "involved" to an intimate degree, but I don't think the "keeper" of the funds would do too well in court ;D

As some of you guys know, Fraud was my thing, well the investigation, detection and slaping of rists till a couple of months back.

End of the day, the money is not yours, If they ask for it back and you refuse it's then theft/fraud as you now know its truly not yours and refusing to repay...

depending on the sums involded you could be held to task just for it been out of nature of the account. the other thing to conceder is the possiblty of money laundery, ether way, its just a steep slope to bad karma
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stuart30

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Re: Would this be classed as Fraud...?
« Reply #23 on: 08 August 2008, 18:30:05 »
Well been an interesting thread and thanks too all who have replied.

Oh and its luckily/unlucky (depending on your view point) my account...id not be driving a tatty 2.2 thats in desperate need of work doing if it was me.. ;D

Ive passed on last nights thoughts and will do the same tonight....pressure will be added for a chat with the relevant bank Monday.

Oh just too clarify...the latest is she assumed it was her husbands quaterly bonus...hence why she intialy didnt think anything of withdrawning the money...well so she says.
« Last Edit: 08 August 2008, 18:32:03 by stuart30 »
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FRE07962128

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Re: Would this be classed as Fraud...?
« Reply #24 on: 08 August 2008, 19:09:58 »
Quote
Well been an interesting thread and thanks too all who have replied.

Oh and its luckily/unlucky (depending on your view point) my account...id not be driving a tatty 2.2 thats in desperate need of work doing if it was me.. ;D

Ive passed on last nights thoughts and will do the same tonight....pressure will be added for a chat with the relevant bank Monday.

Oh just too clarify...the latest is she assumed it was her husbands quaterly bonus...hence why she intialy didnt think anything of withdrawning the money...well so she says.


Well, she had the right idea initially; just a pity it was not her husband's bonus!!
 ;D ;D ;D ;D ;D ;D ;)
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stuart30

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Re: Would this be classed as Fraud...?
« Reply #25 on: 08 August 2008, 19:12:30 »
Quote
Quote
Well been an interesting thread and thanks too all who have replied.

Oh and its luckily/unlucky (depending on your view point) my account...id not be driving a tatty 2.2 thats in desperate need of work doing if it was me.. ;D

Ive passed on last nights thoughts and will do the same tonight....pressure will be added for a chat with the relevant bank Monday.

Oh just too clarify...the latest is she assumed it was her husbands quaterly bonus...hence why she intialy didnt think anything of withdrawning the money...well so she says.


Well, she had the right idea initially; just a pity it was not her husband's bonus!!
 ;D ;D ;D ;D ;D ;D ;)


I"ll report back next week if i"ll have a visting order. ;D

Shouldnt laugh really.... :-[
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Chopsdad

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Re: Would this be classed as Fraud...?
« Reply #26 on: 08 August 2008, 20:58:51 »
To add my two penneth I would raise the issue with a member of staff explaining you don't know the source of the funds and it may not be yours.

They will then probably do no more tham obtain the bank details of the sender - but not pass them on to you for data protection reasons.

At this point you take a note of their name etc and record the fact that you advised the bank.  If you don't know who is sending the money, you can't stop it. So put it in an instant access savings account and wait for the "please can we have our money back" call in the future.

At which point hand back the cash, keep the interest and no harm done.  The bank/intended client will be happy that it's resolved quickly and will leave it at that.  It does belong to the destined account and statue on this is not limited to 7 yrs but if you've formerly raised the bank's attention to it you should be fine.

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stuart30

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Re: Would this be classed as Fraud...?
« Reply #27 on: 08 August 2008, 21:08:47 »
Quote
To add my two penneth I would raise the issue with a member of staff explaining you don't know the source of the funds and it may not be yours.

They will then probably do no more tham obtain the bank details of the sender - but not pass them on to you for data protection reasons.

At this point you take a note of their name etc and record the fact that you advised the bank.  If you don't know who is sending the money, you can't stop it. So put it in an instant access savings account and wait for the "please can we have our money back" call in the future.

At which point hand back the cash, keep the interest and no harm done.  The bank/intended client will be happy that it's resolved quickly and will leave it at that.  It does belong to the destined account and statue on this is not limited to 7 yrs but if you've formerly raised the bank's attention to it you should be fine.



My understanding is the money has been credited starting nearly 2 years back....money was left alone as it was assumed bank more or less straight away would ask for it back.

They didnt and after a couple of months it was withdrawn and used...as have the following payments that have been recieved on a quaterly basis.
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Re: Would this be classed as Fraud...?
« Reply #28 on: 08 August 2008, 21:13:18 »
The best thing to do in that case is to put the money in a high interest account, the interest would be yours to keep, but the other money would not.

I had a similar thing happen to me when I ran my own company, several years ago, £2,000,000 + appeared in the company account one day, transfered it to a high interest account, about a month later the bank told me of their mistake, the interest was mine to keep.
« Last Edit: 08 August 2008, 21:16:16 by Auto_Addict »
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