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Cecilia Biemann
Real Life Fairytale Heroes
[Edit]
Robin Hood Steals £7 Million from Rich[Edit]
A real-life Robin Hood, 39 year old Royal Bank of Scotland bank manager Benedict Hancock, stole millions of pounds from rich clients and gave it to needy customers. Hancock filtered more than £7 million into the accounts of companies in trouble. Apparently Hancock carried out the bizarre fraud for an entirely altruistic motive: because he wanted the companies to do well, for their sake rather than his. When firms needed extra cash to see them through financial hardship, Hancock loaned them money from the accounts of his wealthier customers. Most of the plundered account holders didn’t realize that the money was missing, and those who did were told by Hancock that their money had been invested in safe Bank of England bonds.  Hancock's unauthorised loans were discovered in November 2006 when one of his rich clients discovered that his account was £5million short.
An internal investigation discovered that Hancock had lent the missing money - plus another £1.3million - to a failing clothes manufacturer.
Two firms have arranged to pay back the money they received, but RBS has written off the £6.3million owed by the clothes manufacturer.
(dailymail)Via: dailymail |
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