Fraudster has stripped Barclays chairman

Discussion in 'Professional Trading' started by ASusilovic, Jan 10, 2008.

  1. And just when you thought the news couldn’t get any worse for the UK banks, getting hammered again after the Bank of England’s decision to keep interest rates on hold.

    A fraudster has stripped Barclays chairman, and former Lazard London banker and chairman, Marcus Agius of £10,000 after tricking a call centre worker in the bank’s credit card arm into issuing a new card. Armed with said card and some basic personal details, they proceeded to withdraw the cash from Mr Agius’ account.

    Which perhaps seems restrained given his £800,000 pay cheque, plus bonus. Mr Agius can be seen, right, counting his remaining pennies.

    But the bank has reimbursed the amount in full, citing “human error” as the reason behind the breakdown in security. A spokesman said:

    All Barclays customers, from the chairman downwards, have a 100 per cent fraud guarantee as long as they take responsible care of their information.

    Ah yes, but we wonder how the speed of the refund varies according to which Barclays account the fraudsters happen to target?