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  1. #1

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    Default Barclays- fraud

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    Barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis.

    The Serious Fraud Office case relates to the billion of pounds the bank raised from Qatari investors enabling it to avoid a government bailout.

    Former chief executive John Varley is one of the four ex-staff who will face Westminster magistrates on 3 July.

    Barclays says it is considering its position and awaiting further details.

    "The charges arise in the context of Barclays' capital raisings in June and November 2008. Barclays awaits further details of the charges from the SFO," the bank said in a statement.
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    I used to work in a coffee shop in Ripon with the person that put together that deal.

    She got £110 million commission (£40 million profit) from that one, and I'm on CUK
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    More fingers than teeth

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    Is this the same Barclay's that showered in the limelight of 2008 indicating it was cleaner than a clean thing with clean bits on it?
    Last edited by scooterscot; 20th June 2017 at 09:45.
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    Quote Originally Posted by TheFaQQer View Post
    I used to work in a coffee shop in Ripon with the person that put together that deal.

    She got £110 million commission (£40 million profit) from that one, and I'm on CUK
    And she might end up in prison.

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    Quote Originally Posted by BrilloPad View Post
    And she might end up in prison.
    But still come out never having to work again...
    "You’re just a bad memory who doesn’t know when to go away" JR

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    Quote Originally Posted by TheFaQQer View Post
    I used to work in a coffee shop in Ripon with the person that put together that deal.

    She got £110 million commission (£40 million profit) from that one, and I'm on CUK
    You nicked my avatar

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    Quote Originally Posted by SueEllen View Post
    But still come out never having to work again...
    Money will be confiscated (if convicted) ...

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    Quote Originally Posted by AtW View Post
    You nicked my avatar
    I was waiting for you to notice
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    Quote Originally Posted by SueEllen View Post
    But still come out never having to work again...
    Indeed. There needs to be punitive asset confiscations. Would have helped in the case of Fred the Shred.

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    Quote Originally Posted by BrilloPad View Post
    Indeed. There needs to be punitive asset confiscations. Would have helped in the case of Fred the Shred.
    Unmentionable in our house.

    Mrs. MarkyMark had RBS shares .

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