Citibank Banker runs with MILLIONS ?!?

[uls]

According to TV Patrol maluho pala etong si Bryan Ang. Linggo linggo daw iba iba ang relo, sa Lucerne pa binili! Eh diba Lucerne mga high end watches lang binebenta dyan!

napanood ko din

mahilig pala sa relo

mahal mga relo sa Lucerne

--

bad for Citi

baka maglipat ng bangko ang mga biktima

baka pati mga hindi biktima maglipat din ng bangko

kahit isolated case, loss of confidence yan

[tidus1203]

I wonder why some of these people still have private banking accounts locally and not go offshore in the first place. Yung mga off shore private bankers even fly here every quarter naman eh for your convenience atsaka toll free and phones nila for your convenience should you need something... Di sa nagyayabang pero our family has private baking din, kaso offshore sa Singapore and Switzerland. We don't trust the local based banks even though its a foreign branded bank. Daming as we say in Chinese "HAW SYAW" dito...

[Monseratto]

Living beyond his means... Would Lucerne be liable to return the money?

http://www.abs-cbnnews.com/business/...illions-stolen

MANILA, Philippines - A private banking officer of Citibank's Binondo branch has gone missing after allegedly carting away hundreds of millions of his clients' money.

Francis Bryan Ang is the former assistant vice-president of the bank's Citigold Wealth Management group, which is aimed at high-value clients with bank deposits of no less than P4 million. Most of Citigold's customers are wealthy Chinese-Filipinos.

A note on the Citibank website states that Citigold clients enjoy various privileges including premium information and assistance from a dedicated wealth management team that will manage their accounts.

ABS-CBN News, however, learned that Ang embezzled more than P100 million of his clients' money.

One Citigold client lost P10 million from his time deposit after Ang forged his signature. An affidavit signed by Citibank's lawyer showed that Ang changed the client's address so that bank statements would not reach the account owner.

Citibank officials said Ang promised much higher interest for time deposits than what was offered by the bank. He also gave higher referral fees to clients than the standard referral fees approved by Citibank.

Bank sources said Ang maintained an extravagant lifestyle and would often sport pricey watches every week. A bank document showed that Ang used one client's account to pay off Lucerne, a store that sells expensive watches.

Ang, 36, is the eldest son of Manila Councilor Bernie Ang. He finished high school at Xavier School in 1992, and graduated with a BS Economics degree at University of the Philippines-Diliman.

ABS-CBN contacted Ang's father who said he has not seen his son for the past 2 weeks. He denied any knowledge about his son's activities.

Ang was scheduled to marry his girlfriend, who comes from a prominent businessman's family in Valenzuela, this November. A source from the Chinese community, however, said the bank official also victimized his fiancée.

The girl's father, however, has denied this. He added that they can no longer do anything after Ang went missing.

Several of Ang's former clients refused to speak on camera until Citibank has refunded their money.

Citibank management said it has identified a small number of Ang's clients who are holding fake time deposit certificates.

"We have identified a small number of clients who are impacted. We are reviewing these accounts and our priority is to work closely with these clients to ensure a satisfactory outcome," it said in a statement.

The bank said it has already fired Ang and filed criminal and civil cases against him.

"We are investigating certain questionable transactions initiated by an employee whose employment has since been terminated. We have filed criminal and civil cases against him, supported by his own admissions and very strong documentary evidence," the bank said.

It added: "We are working closely with the relevant authorities who are assisting us in this matter. Although the investigation is still ongoing, we believe this is an isolated case, and we are taking all necessary measures to protect our clients." -- report from Ces Drilon, ABS-CBN News

[tidus1203]

Lucerne is likely not liable... Malay ba nila diba? Citibank is definitely liable for not policing its ranks properly... In the end they will have to absorb the losses...

[uls]

I wonder why some of these people still have private banking accounts locally and not go offshore in the first place. Yung mga off shore private bankers even fly here every quarter naman eh for your convenience atsaka toll free and phones nila for your convenience should you need something... Di sa nagyayabang pero our family has private baking din, kaso offshore sa Singapore and Switzerland. We don't trust the local based banks even though its a foreign branded bank. Daming as we say in Chinese "HAW SYAW" dito...

ya

pwede naman sila mag private banking sa Singapore or HK

di pa ganun ka-mature and professional ang private banker dito

parang mga insurance salesman kung makipag usap

iba talaga mga foreign private banker

very professional, sobra talino, world class na tao

[shadow]

Guys an idiot (that Brian Ang)... Obvious naman he won;t get away with it... Dealing transaction using banks is a sure way to get caught...

the banker was desperate, alam niyang mahuhuli siya but since he needed the money BADLY, kapit na sa patalim...

puntahan na lang ng CITIBANK yun *bleep* restaurant sa Adriatico baka andoon lang nagtatago yun....

masama pa rin loob ko sa CITIBANK...balcony 2 lang ang binigay sa akin na tickets ng CATS musical.... buti nga sa kanila barat kasi eh...

[shadow]

ya

pwede naman sila mag private banking sa Singapore or HK

di pa ganun ka-mature and professional ang private banker dito

parang mga insurance salesman kung makipag usap

iba talaga mga foreign private banker

very professional, sobra talino, world class na tao

nagkataon lang na gago itong si Mr. Ang...

based on our experience ok naman ang private bankers ng CITIBANK, we also have actually my parent's sa HK, mas maganda talaga dahil every so often I have the reason to go to HK....

Tidus, hinde "haw siao" tawag sa kanya "KAP siao"

[tidus1203]

Yung tao KAP SYAW, pero yung situation HAW SYAW!

[uls]

Lucerne is likely not liable... Malay ba nila diba? Citibank is definitely liable for not policing its ranks properly... In the end they will have to absorb the losses...

kahit pumayag ang Lucerne ibalik ang pera,

sasabihin ng Lucerne "ibalik muna ang mga relo"

[tidus1203]

Yuck di na papayag Lucerne nyan. The watches already has been worn and most likely na pawisan na!