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A former Lloyds Bank worker in charge of online security has admitted carrying out a fraud worth more than £2.4m. Jessica Harper, 50, had been accused of submitting false invoices to claim payments between 2007 and 2011. At the time she was working as head of fraud and security for digital banking and made false claims totalling £2,463,750. Harper, of South Croydon, south London, will be sentenced on 21 September. At Southwark Crown Court, Harper admitted a single charge of fraud by abuse of position by submitting false invoices to claim payments. 'A very simple fraud' She also admitted a single charge of transferring criminal property, the money, which she had defrauded from her employers. Harper was arrested on 21 December before being charged in May. Continue reading the main story...
Tuesday, 7 August 2012
Shares in Standard Chartered dive after Iran allegations
Shares in Standard Chartered PLC dropped sharply today as investors reacted to US charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as “boring.” Shares were down nearly 20 percent at 1,187 pence at one point in early trading Tuesday on the London Stock Exchange. In Hong Kong, they were down 16.6 percent near the end of the session. New York State Department of Financial Services alleged on Monday that Standard Chartered schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States' financial system “vulnerable to terrorists.” Standard Chartered said it “strongly rejects” the allegations. In a statement, the bank said “well over...
Sunday, 5 August 2012
Pigs worship God of Materialism
If ever there was a god to prevent you from worshiping material things, it would be this one.The hideous pig-like thing is the masterpiece by Chinese artist Chen Wenling called God Of Materialism.Ugly pig with green eye darting at thier masterLooking chuffed, the huge greedy pig has minions of other tiny, and just as unattractive and scary, pigs worshiping in awe at its heels.The group stare up at their master, adorned with a plethora of jewels and necklaces representing the grotesque love of material things.The sculpture, which looks like a bad dream, can be found at the Asia Art Centre in Beijing.And if you're brave enough to go and see it,...
