BDO....... WE find ways

[shadow]

Wala na yan pera. Basta pumasok patayan na yan bago lumabas


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[Monseratto]

Baka galing Recto yung mga fake documents...

‘Di namin kliyente ‘yan! BPI denies hand in Wirecard’s $2.1B missing funds

[Monseratto]

D WHO?

Local bank officer sacked for fake document on Wirecard deposits

A highly-placed source with knowledge on the issue said one marketing officer at BDO Unibank, Inc. has been sacked after the employee "fabricated a bank certificate in favor of EY Germany," Wirecard's auditor. The bank confirmed the development and said they have already started termination proceedings for the employee.

In a statement, BDO has denied that it is holding any of the $2.1 billion (about ₱107 billion) missing cash of the German payments firm, which was supposed to be held by the bank and by the Bank of the Philippine Islands.

[shadow]

Marketing officer lang naka scheme ng ganyan kalaki? Sacrificial lamb nanaman


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[xninjax]

There's more to the story than what we read in the media. I am interested to know if there is a loophole in BDO's process that was taken advantage of.

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[_Cathy_]

Marketing officer lang naka scheme ng ganyan kalaki? Sacrificial lamb nanaman


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Impossible nga. May signing limits sa bank at may check and balance. Either a person or the system should have caught that irregularity

Unless yun nga sobrang bulok ng systema ng BDO...

[Dr.Kamiya]

I think the scenario here is the guy just forged a bank statement, Recto-style.

Signing limits and systems checks/balances irrelevant coz the money was never here to begin with. The real thief in Germany just used the fake certificate to supposedly 'account' for the money that he already silently embezzled.

[_Cathy_]

I think the scenario here is the guy just forged a bank statement, Recto-style.

Signing limits and systems checks/balances irrelevant coz the money was never here to begin with. The real thief in Germany just used the fake certificate to supposedly 'account' for the money that he already silently embezzled.

oh! sorry I didn't read the previous post, you're correct.

But then it was an employee of BDO that fabricated the certificate? That is all on him or her then. That is assuming he or she was not able to use official bank paper certs (where I work, we have a log book to account for all the certs where we list the serial numbers of those that are used up)

[StockEngine]

I think the scenario here is the guy just forged a bank statement, Recto-style.

Signing limits and systems checks/balances irrelevant coz the money was never here to begin with. The real thief in Germany just used the fake certificate to supposedly 'account' for the money that he already silently embezzled.

Wirecard auditors are stupid lol. They should have communicated with BDO comms and/or BSP to validate their transaction. They should've covered their as$es.

[uls]

The real thief in Germany just used the fake certificate to supposedly 'account' for the money that he already silently embezzled.

magkano kaya binayad ng magnanakaw para sa certificate?


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nag shopping siguro ung magnanakaw sa iba't ibang bangko sa iba't ibang bansa

empleyado ng bangko sa Pinas lang ang pumayag

[ray_noel]

haha

Bangladesh central bank money was sent to RCBC, withdrawn, and can no longer be traced

ngayon eto

paborito ng mga money launderer ang mga bangko natin no?

useless pa rin ang bank system sa pinas... kahit siguro sampong id and hundreds forms to fill-in may loophole pa rin sa system...


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[Walter]

Wirecard auditors are stupid lol. They should have communicated with BDO comms and/or BSP to validate their transaction. They should've covered their as$es.

Wirecard relies on 3rd party providers for "special" accounts ... Accounts that would not pass regulator scrutiny ...

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useless pa rin ang bank system sa pinas... kahit siguro sampong id and hundreds forms to fill-in may loophole pa rin sa system...
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If it's an inside job, it's easier to find loopholes in any system ...

[StockEngine]

Obviously wirecard didnt do due diligence...

Wirecard CEO resigns as $2 billion goes missing, fraud claims fly - CNN

[Jiggs]

Might segue on the current topic, but would just like to ask if you have ever experience your PIN password in your ATM forgotten...now I went to the BDO branch where it was opened and was told they don't RESET the PIN and I need to request for a new ATM card to set a new password.....GAnun ba tlaga how about in other bank do they practice the same way?

[Monseratto]

WireCard scam... ULS, paki explain, nalilito ako dito.

Wirecard’s problem partners

[_Cathy_]

WireCard scam... ULS, paki explain, nalilito ako dito.

Wirecard’s problem partners

OT: Si ULS na resident taga explain ng Tsikot lol. But seriously, I like how he can simplify things that are complicated or confusing.

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[xninjax]

Might segue on the current topic, but would just like to ask if you have ever experience your PIN password in your ATM forgotten...now I went to the BDO branch where it was opened and was told they don't RESET the PIN and I need to request for a new ATM card to set a new password.....GAnun ba tlaga how about in other bank do they practice the same way?

Ganun talaga.

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[uls]

WireCard scam... ULS, paki explain, nalilito ako dito.

Wirecard’s problem partners

so basically wirecard is the middleman between merchant and customer

they're super ambitious they wanna be part of every transaction on earth

but they can't set up business in every country so they partner with local payment companies

local partners accept payments and remit the money to wirecard keeping some as commission

pero what if the local partners don't remit the money to wirecard?

what if the local partners were actually created by wirecard employees

"let's set up payment companies in PH that wirecard will partner with"

[Walter]

Actually ... for "special" transactions that Wirecard is not comfortable processing due to risk of non-compliance ... Wirecard refers them to "3rd party" processors ... Wirecard is known in Europe as the go to place for processing funds from "specialized" online industries (think ****, online gambling, etc) ...

[uls]

if customer wants to buy p0rn or online gambling bawal kay wirecard so they use partners

what if the partners don't remit the payments

that's the issue