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Alleged €1 million fraud at Waterford credit union

  • 07-09-2009 2:48pm
    #1
    renraw
    Banned (with Prison Access) Posts: 496 ✭✭


    07092009272.jpg


Comments

  • #2
    Bards
    Registered Users, Registered Users 2 Posts: 2,814 ✭✭✭Bards


    More info in Saturday's Examiner

    http://www.examiner.ie/archives/2009/0905/ireland/gardai-probe-1m-credit-union-loss-100284.html


  • #3
    Deisekickboxing
    Registered Users, Registered Users 2 Posts: 251 ✭✭Deisekickboxing


    aah yea nothing to say from the creddy union bosses except to reassure the members thats their deposits are safe
    & no comment on what way it will affect this years divvy tho??
    im sure the members will get stung from this somehow!!!


  • #4
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    Well they are insured for fraud a presume but the hiked premium will have to be paid for of course.


  • #5
    Traumadoc
    Registered Users, Registered Users 2 Posts: 2,523 ✭✭✭Traumadoc


    Was that the branch that bought a house in Dunmore for a mil and probably spent as much doing it up?


  • #6
    baronflyguy
    Registered Users, Registered Users 2 Posts: 533 ✭✭✭baronflyguy


    It always amazes me when you hear of fraud (in general not necessarily this case) of such a sizeable magnitude that the auditors and various others in charge who are trained to detect fraud do not detect/suspect something odd when the amount missing is drastically lower. I guess we have to wait till this story pans out to find out what the real story is.

    I hope this doesnt affect my changes of winning a car :D.


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