Agents Behaving Badly, Part IV: Phony apps net real charges

Nov 27, 2017

  1. VolAgent
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    Who wouldn't in that situation. The fact he realized how difficult it would be and how small the reward would be meant that the bank had good safeguards in place. Not to mention DHK's own ethics and morals would stop him even if he was so inclined. Day after day with all that money around, it is just a natural thought.

    I always remember a story my cousin told me. His wife use to work at a bank in Las Vegas some years ago. One day one of her co-workers came to her and asked if she had ever seen a billion dollars before. Of course she said no, so they walked out to the loading dock and there it was, palletted and shrink wrapped to be send to the Fed. I'm sure there were plenty of armed guards as well.

    I'm sure it crossed many people's minds how to get that money, but that doesn't mean they were serious, just a thought they had.
     
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Strangely enough, the longer you work around paper money, the more it's just "inventory". It's stuff that needs to be managed. I had no temptations - particularly with internal dual controls for most tasks with cash. Handling cash in a bank was just a chore.

    It's when you're in bank management and you hear about all the local bank robberies, internal fraud, and other things... and it was OUR job to help detect these things and contact internal investigations as needed - which I've had to do multiple times.

    If you want to take the joy out of managing cash... work at a bank for an extended period of time.
     
    DHK, Nov 29, 2017
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  3. VolAgent
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    I can see that. Once upon a time I worked in a restaurant and dealt with the cash at the end of the night. Wasn't terribly long, but quickly got tired of how dirty the money was and how dirty it made my hands. Never really thought about trying to steal it, but it really wasn't that much money, maybe a few thousand on a busy night.
     
  4. shonceman
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    So you have a criminal mind, too??!!!
    I’m just kidding anyway. (JK, DHK!)
     
  5. VolAgent
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    I know, but think about it. You get bored, maybe you are pissed off at your boss or the company and thought of "Man, if I could just get a few million and then disappear..." crosses your mind.
     
  6. walthamny
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    I worked in check processing at the Federal reserve Bank after college. We avoided having lunch with the folks from the cash department. The whole cash department had to leave and go to lunch at the same time and they had to lock up everything behind. And they had to report back from lunch at the same time too. We had lunch staggered so it was more enjoyable. And yes, when you work at the Federal reserve, you see lots and lots of cash.
     
  7. TampaHound
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    The only thing I can think of here is that in keeping the amount small, they thought it would not be noticed.
     
  8. Surancedawg
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    Surancedawg Super Genius

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    The fear of getting caught is the lowest form of morality.
     
  9. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    You mean the fact that the BANK has all these checks and balances within their internal security to PREVENT and CATCH internal fraud... and I just happen to THINK THROUGH all of this?

    And I was the branch OPERATIONS officer, so it was MY JOB to think this way to PREVENT internal fraud?

    And it was the BANK'S job to TRAIN me to think this way?

    EVERYTHING in banking is about PREVENTING fraud before it happens. Banks aren't about morality. They are about preventing losses. Minimize losses and maximize opportunities.

    You sure like to make morality judgments without a lot of facts.
     
    Last edited: Dec 2, 2017
    DHK, Dec 2, 2017
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  10. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    No one would've gotten away with this at my former bank employers because we ran a check issue register every night and compared the check numbers and payees from the previous business day. Would've seen irregularities within 24 hours.

    CBS Employees Credit Union Shuts Down As Manager Charged With Embezzling $40 Million

     
    DHK, Mar 31, 2019
    #20
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