The bank made good naman daw on the money of the clients. Usually sa banks, yung mga binibiktima are the elderly who build trust with their account officers.Originally Posted by lowslowbenz
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February 6th, 2013 04:01 PM #1361
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Social Dementia
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February 6th, 2013 04:03 PM #1362Urban Dictionary: flamebaiter Originally Posted by Cathy_for_you
flamebaiter
A douche who practices the art of the Flamebait. Someone who posts in a message board or forum for the sole purpose of starting asinine pointless arguements. Is generally hated by most.
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Running on Empty...
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February 6th, 2013 04:04 PM #1363Just like the guys who pulled the job at Citibank in Makati before; most are dead by now. Better to kill them quietly then to arrest them and send them to court. Originally Posted by EQAddict
At least sosy sya, sa HK harbor na-isalvage at hindi sa Manila Bay.
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February 6th, 2013 04:11 PM #1364The Citibank Binondo swindler is much around. Anak ni Councilor Bernie Ang Mahilig sa car and watches, living beyond his means. Last I heard pinapabayad ng tatay niya at discounted rates... Originally Posted by vinj
Last edited by Monseratto; February 6th, 2013 at 04:14 PM.
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February 6th, 2013 04:14 PM #1365So he surfaced already? But yeah, grabe sa kotse and relos nga from the stories i got. Originally Posted by Monseratto
Last edited by vinj; February 6th, 2013 at 04:19 PM.
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February 6th, 2013 04:23 PM #1366http://www.pinoymoneytalk.com/franci...ibank-binondo/
Citibank update: Francis Bryan Ang indicted for qualified theft
Thursday, July 12, 2012
Here’s an update to one of the recent high-profile banking scandals in the country. The Department of Justice (DOJ) has found probable cause in the qualified theft case filed by Citibank against its former employee, Francis Bryan Ang, who supposedly ran away with more than P135 million of clients’ funds.
The DOJ has recommended the filing of 87 counts of qualified theft through falsification of commercial documents against Francis Bryan Ang, a former assistant vice president of Citibank’s Citigold Wealth Management Group and Relationship Manager of Citibank Binondo branch.
Ang allegedly stole away peso and dollar funds with a combined amount of at least P135 million. The DOJ consolidated two cases filed against Ang, the first one amounting to P97 million and $832,000 and the other with amounts P1.6 million and $43,000.
The case was made public in 2010 when the bank discovered fraudulent transactions supposedly initiated by Ang.
The DOJ ruling gave weight on the prosecution’s allegation that Ang himself executed affidavits admitting the crime. The former bank executive supposedly confessed that he “tampered with the funds of bank clients in the following manner:
(1) simulated transactions including fund transfers, cash withdrawals and applications for manager’s checks, by forging the signatures of clients in bank documents;
(2) appropriated the funds as his own and/or transferred the same to his intended beneficiaries; and
(3) avoided detection by either changing the client’s addresses on record with the bank.”
Ang also supposedly admitted offering time deposits with interest rates higher than the rate offered by the bank without his superiors’ knowledge or permission.
He also allegedly changed the clients’ addresses on record or implemented hold-mail orders in order to prevent them from receiving notices or bank statements.
The DOJ, however, found no probable cause in the filing of estafa charges against Ang. According to the DOJ, one of the essential elements of the crime of estafa is that “the offended party suffered damage as a result.” Citibank, the DOJ resolution ruled, is “not an offended party, nor has it suffered the requisite damage as an essential element of the crime of estafa.”
The DOJ ruling also dismissed the case against 11 other Citibank executives for lack of evidence. The DOJ panel of prosecutors did not find the complaint sufficient to file charges of syndicated estafa against Oliver Salu, Sherjack Siao, Joanne Salud, Joan Karla Uy, Robinson Siao, Steven Uy, Philip Keith Ang, Esther Gobio Ang, Antonio Samson and Belina Cancio
.Ang remained at large since he left the country in August 2011 after Uson uncovered questionable transactions involving the bank accounts of "high-priority" clients.
The panel gave weight on Ang's affidavits and counter-affidavits admitting his tampering of bank documents pertaining to the transactions of his clients.
He also confessed that he simulated transactions, including fund transfers, cash withdrawals and applications for manager's checks by forging the signatures of clients in bank documents and appropriating the funds as his own and/or transferred the same to his intended beneficiaries, which included the accounts of his other clients in order to meet the rate of return he promised to them.
The former bank executive, however, managed to avoid detection by either changing the client's addresses on record with the bank or implementing the "hold mail" order to ensure that clients would not receive bank notices and statements.
As a relations manager for high-priority clients of the bank, the DOJ ruled that Ang was clothed with certain powers and authorities in handling the accounts, servicing the clients and making investment sales.
"Considering such position, along with the power and influence that go with it, his representations to the clients could not be said to be actually false, and therefore, not constitutive of the element of deceit, as contemplated in Article 315 (2) (a) of the RPC (Revised Penal Code)," the panel stated, in finding sufficient basis to indict Ang for qualified theft under Article 310 of the Revised Penal Code.
Ang's illegal activities were discovered by the bank when it conducted a review of the transactions in its Binondo branch in July 2010.Last edited by Monseratto; February 6th, 2013 at 04:32 PM.
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Dalek
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February 6th, 2013 05:05 PM #1367Simple lang naman, live and let live.
Yung iba kasi dito, kung maka-puna ng SC, akala mo kung sino eh. A lot of the statements here seem to imply na "buti pa ko, totoong sosyal o kaya mas magaling/mayaman/marunong gumastos ng pera".
Kung may taong magpopost ng Instagram pictures ng J.Co donut niya gamit yung iPhone niya na binili niya kahit simpleng empleyado lang siya, tapos puro Angel's burger lang kinakain niya pag lunch, masama ba? Is he any less of a person than you people are?
Some cases are really worth frowning upon, such as people who bury themselves in debt to keep up their high-strung lifestyles, but this thread has gone way beyond that - passing judgement on practically everyone. And what's sad is that people find it fun.
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February 6th, 2013 05:20 PM #1368Kumusta na ang mga tyan ng di nag lunch para lang may pambili ng milk tea?
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February 6th, 2013 05:20 PM #1369Dapat pati angels burger may picture picture din yung habang nakapila. Tapos post mo sa facebook. Originally Posted by jut703
Daya kasi bakit sa example mo yung jco ang ilalagay sa instagram tapos pag lunch biglang lumungkot naging angels burger na walang picture.
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Dalek
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February 6th, 2013 05:25 PM #1370Dapat? Says who? Originally Posted by champoy
Paano naging madaya? Kung gusto picturan nung tao yung J.Co niya at ipost sa FB, tapos yung Angel's burger niya hindi niya pipicturan, ano problema dun?
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February 6th, 2013 05:28 PM #1372To add, what if preference niya yun Angel's Burger as tanghalian niya. O kaya eh yun talaga ang gusto niyang burger? Originally Posted by jut703
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February 6th, 2013 05:29 PM #1373pag ako nag post ng pix ng payborite kong jabi chickenjoy, hindi na SC tawag sakn kung hindi jologs.
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February 6th, 2013 05:35 PM #1374I think this thread has already reached its "boiling point" as to which moral fibers and self dignity are already becoming an issue.
I am not pointing at anybody or generalizing, but I think it has gone too far.
I move to lock this thread.
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February 6th, 2013 05:35 PM #1375O di dapat kunan nya rin ng picture jung pag pila nya sa binili nyang Angel's Burger. Para naman masabi nating patas tong simpleng employee na to, walang inhibition. Originally Posted by testament11
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February 6th, 2013 05:46 PM #1380So what do you want me to do? Go on a debate with you? Do you get kicks out of picking fights with other people? Originally Posted by EQAddict
Never said I am always right nor that what I say should be taken for anything but one man's opinion. If you think I champion the masses then I take that as a compliment
Dont throw stones at other people who cant defend themselves and then when you feel slighted you beat a hasty retreat. This is a forum after all. If I am wrong then I am wrong. So be it.
And no, I wont drop it. I like answering when I read something that I feel needs a reply.
Originally Posted by lowslowbenz
