15 cars "lost" at Credit Union

Kermit.de.frog

http://www.independent.ie/business/personal-finance/no-sign-of-15-cars-bought-as-prizes-at-credit-union-35234802.html


lolz. Ireland will never change.

Rush you are now almost in the same bracket as Tipperary - i.e Redneck country.

Ferrari3600

De boom is getting boomier.

Cookie_Monster

how can they lose a car, it's got a registration. They can find where and when it was bought and more importantly who has it now... if it's been sold on Shannon can still confirm all of that.

Atlantic Dawn

The dealers who sold the cars would have had to have got each car a registration number if they were new so there would be a trail and records.

Grayson

Atlantic Dawn wrote: »

The dealers who sold the cars would have had to have got each car a registration number if they were new so there would be a trail and records.

I assumed the winners would have gotten them. You don't need a registration until they're going to be driven.

then again, I'm a pedestrian, what do I know.

tomwaterford

Could they not just go to the motor dealers with the receipts and see which car that receipt was for???



Seems incomprehensible this can't be solved?

Joe Hill

Clearly the finger is pointing at the dealer.

SixSixSix

It appears that, from the records available to the liquidators(?) within the CU, they can't identify who won the some or all of the raffles.
It appears to be documentation that is missing not the vehicles.

However "missing cars" is sexier than "missing documents".

BTW the fact that documentation of the draws is unavailable is a million miles from best practice!

Nekarsulm

Monies collected probably went into a "slush" fund, fictional name/address published as the "winner".
Otherwise the winners would be easily traceable. Usually local papers would be contacted to publish photos of the hand over of keys, etc.

Pinch Flat

The car was just resting in my driveway

DopeTech

What if What if we organised the raffle so that we won it? Then we could bring the car back.
Oooooohhhhh! Oooh, that'd be terribly wrong.
I don't think we should do that.
It wouldn't be cheating, really.
It would just be a case of structuring the raffle so the return reaches the benefactors rather than the beneficiaries

stimpson

Gotta love the hyperbole in the article:

making it clear that Rush Credit Union was one of the most rotten financial institutions in the State

I doubt they are even in the top ten.

The final bill for Anglo was the equivalent of a million missing cars.

RobbingBandit

It's my car father I just didn't want to fill in the forms.

SixSixSix

stimpson wrote: »

...hyperbole...

In the Independent?
I can't believe it's not hyperbole!

Ted111

Maybe the CU has a really big car park.

fizzypish

Hon the premier!

diomed

My credit union sends me letters looking for people with skills to join as part of a review/overview group. I was an accountant.
All the letters did was set off alarm bells in my head.

BattleCorp

Were cash prizes issued as alternatives to the cars?

Buy the cars, sell them back to the garage. Give the prize winners cash instead. That would make it harder to see who won the cars.

diomed

Atlantic Dawn wrote: »

The dealers who sold the cars would have had to have got each car a registration number if they were new so there would be a trail and records.

Over twenty years ago I won a car in a credit union draw.
What you win is ownership of an unregistered car i.e. the right to a new car. You can pick the colour and when you collect it.
I tried to sell it and people could not grasp it. They wanted to know the registration number, the colour, what mileage was on it, was it a good runner, and so on.
I had an option to take a cash alternative, but that was a good few thousand below the car retail price.

tayto lover

Cookie_Monster wrote: »

how can they lose a car, it's got a registration. They can find where and when it was bought and more importantly who has it now... if it's been sold on Shannon can still confirm all of that.

Fas never found theirs to my knowledge.

http://www.independent.ie/irish-news/fas-paid-9000-for-raffle-car-that-went-missing-26500499.html

goose2005

The last raffle I was at was very interesting because the people who ran the raffle actually won it. So it's not unusual for that to happen now and again.

jmayo

goose2005 wrote: »

The last raffle I was at was very interesting because the people who ran the raffle actually won it. So it's not unusual for that to happen now and again.

No 11 was it ?

darkpagandeath

rafatoni

thats another 10 eur onto everyones water bill now.

darkpagandeath

goose2005 wrote: »

The last raffle I was at was very interesting because the people who ran the raffle actually won it. So it's not unusual for that to happen now and again.

Thought it was standard practice for company raffles to exclude employees and their family's. Did in MNC I Have worked in.

Cervantes2

Sorry Ted, I was holding the ticket upside down!

smelly sock

All theories and allegations here are just throwing PETROL on the fire.

Cervantes2

I bet they were in a rush to shred the paperwork.

smelly sock

The papers will get great MILEAGE out of this.

Boom.

gordongekko

rafatoni wrote: »

thats another 10 eur onto everyones water bill now.

Not sure of the connection between water and a car draw in a credit union but since bills are suspended that would bring our bill to €10 per house.

TallGlass

As per usual. The tax payer will fund the fallout and not one sinner will be held accountable. Fúcking amazing. Never learn.

diomed

Rush Credit Union Ltd website

Board of Directors 2014/15
Currently being updated

SixSixSix

SixSixSix wrote: »

It appears that, from the records available to the liquidators(?) within the CU, they can't identify who won the some or all of the raffles.
It appears to be documentation that is missing not the vehicles.

However "missing cars" is sexier than "missing documents".

BTW the fact that documentation of the draws is unavailable is a million miles from best practice!

Or, now I know this might seem totally off the wall for an Irish financial institution, it was a ****ing scam.

keano_afc

TallGlass wrote: »

As per usual. The tax payer will fund the fallout and not one sinner will be held accountable. Fúcking amazing. Never learn.

Somebody will be forced to step down. THAT'LL TEACH EM

mahoganygas

Bank error in your favour, collect a new car.

stimpson

goose2005 wrote: »

The last raffle I was at was very interesting because the people who ran the raffle actually won it. So it's not unusual for that to happen now and again.

darkpagandeath wrote: »

Thought it was standard practice for company raffles to exclude employees and their family's. Did in MNC I Have worked in.

Whoosh!

https://www.youtube.com/watch?v=wedymc7ll1Y

keeponhurling

keano_afc wrote: »

Somebody will be forced to step down. THAT'LL TEACH EM

Is that the sound of a golden handshake I hear ???

Capt'n Midnight

Maybe ...

https://s-media-cache-ak0.pinimg.com/736x/cf/6d/ab/cf6dab79ee395c2744ec4765651b1f8f.jpg

screamer

I don't know how well this was investigated. I googled it and found the names of the winners of the cars and shock horror they are on the credit unions own website........

screamer

screamer wrote: »

I don't know how well this was investigated. I googled it and found the names of the winners of the cars and shock horror they are on the credit unions own website........

Where?

Edit: you mean the 3 or so names (ones just a number) listed within the news section for winners of a supposedly monthly draw spanning multiple years?

Yep, you're right, why bother investigating at all.

What possibly possesses people to jump to the defense of a CU that's been, at the very least, run into the ground?

Jimmy Garlic

I know of a little place where members of the same family have won the local GAA lotto jackpot five times. Can't believe their luck, shocked, surprised etc etc. This country is infected with African levels of corruption and outright fraud at every level. There should be mandatory sentencing for this kind of sh!t, minimum five years, no parole. That's the only way to keep a lid on it.

CloudCumulus

I read an article in the Independent "forensic accountants at Grant Thornton"

Made me wish I was a logical math-type.
This isn't trolling, I'm just envious of people with interesting jobs!

Dia1988

Interesting how in 2011 on the Rush Credit Union website they specifically state that Cash won't be given in lieu of the car prize.
The 15 "lost" cars date from 2010 to 2014

http://www.rushcu.ie/news.asp?section=News&ID=57

The_Captain

CloudCumulus wrote: »

I read an article in the Independent "forensic accountants at Grant Thornton"

Made me wish I was a logical math-type.
This isn't trolling, I'm just envious of people with interesting jobs!

Literally the first time a forensic accountant was called interseting

RayCon

Can we not just change our National Anthem to this and be done with it ...

https://www.youtube.com/watch?v=OfMwWLnpgGw

califano

Shes some woman

eamonnq

CloudCumulus wrote: »

I read an article in the Independent "forensic accountants at Grant Thornton"

Made me wish I was a logical math-type.
This isn't trolling, I'm just envious of people with interesting jobs!

relating to or denoting the application of scientific methods and techniques to the investigation of crime.

The forensic part might be interesting, not so much the other part!!

alb

The problem of conducting provably fair lotteries with a public immutable record of the result has been solved, it's a pity that not enough people understand the technical aspects of it to demand it be used everywhere from prize bonds to the national lottery to small time raffles like these ones.

Atlantic Dawn

They should have sold tickets to win the cars on Donedeal like the lads trying to flog 2nd hand ****boxes and doing a lottery for them, as transparent as coal.

Sand

stimpson wrote: »

Gotta love the hyperbole in the article:



I doubt they are even in the top ten.

The final bill for Anglo was the equivalent of a million missing cars.

Yep, saw an article today where the writer stated patronisingly that offering mortgages was beyond the skill set of most credit unions. Clearly beyond the ability of the Irish banks as well - run by incompetents who made such a mess of bread and butter banking that they almost bankrupted the country but looking down their noses at credit unions who as a whole required no such bailouts.

smelly sock

Sand wrote: »

Yep, saw an article today where the writer stated patronisingly that offering mortgages was beyond the skill set of most credit unions. Clearly beyond the ability of the Irish banks as well - run by incompetents who made such a mess of bread and butter banking that they almost bankrupted the country but looking down their noses at credit unions who as a whole required no such bailouts.

They did bankrupt the country. No nearly about it.