Corruption in Citibank (Binondo Branch, Phils.)
@LetranKnight25 (33121)
Philippines
August 20, 2010 6:08am CST
Hello Lotters,
Of all the news that i need to share in this discussion, this sure heating up my fuse
the Citibank officer known as Francis Bryan Ang had been accused of stealing money from clients because it had disappeared/gone for days/weeks now. this person had forged fake signatures of clients to get money there, which rumored for him to have the largest deposit ever had.
Now, the main reason why i chose this to share because I am the one responsible for paying my brothers Citibank Credit Card. when heard this, i feel like an idiot to pay for this company and then a black sheep comes along and steals money.
it would be worse if it's my DEBT
.
your views.
not a referral LINK.
http://www.manilastandardtoday.com/insideBusop.htm?f=2010/august/20/vicagustin.isx&d=2010/august/20
the Citibank officer known as Francis Bryan Ang had been accused of stealing money from clients because it had disappeared/gone for days/weeks now. this person had forged fake signatures of clients to get money there, which rumored for him to have the largest deposit ever had.
Now, the main reason why i chose this to share because I am the one responsible for paying my brothers Citibank Credit Card. when heard this, i feel like an idiot to pay for this company and then a black sheep comes along and steals money.
it would be worse if it's my DEBT.
your views.
not a referral LINK.
http://www.manilastandardtoday.com/insideBusop.htm?f=2010/august/20/vicagustin.isx&d=2010/august/205 people like this
10 responses
@skysuccess (8858)
• Singapore
20 Aug 10
LetranKnight25,
I don't think there's any relation of the matter to your brother's credit card debt. Besides, I am sure Citibank will be responsible in compensating back the monies to the affected account holders whose monies were fraudulently withdrawn by a staff gone rogue.
So, settle your brother's debt before he gets into trouble - thanks to your emotions.
@LetranKnight25 (33121)
• Philippines
20 Aug 10
i feel sad on this. although, i should be Blaming my brother being so Irresponsible in not managing his debt. i always do this every once a month, where it should have been use for buying groceries
.but you're right, i just can't help react4 people like this
@RebeLotter (253)
•
20 Aug 10
i believe this is just an isolated case and has nothing to do with your brother here. but rgards, i do feel paying credit card bills
@candyfairy21 (2039)
• Philippines
20 Aug 10
sorry but things like this happens and it really is very awful. remember the legacy scam ohhh I was so mad when they announced that. so mad at myself for being such a fool. I invested 10k in them and has not been able to get a single centavo from them. My hard earned money went to scammers/dishonest people. now as a rule of thumb no more pyramids, no mlm.
1 person likes this
@LetranKnight25 (33121)
• Philippines
20 Aug 10
that is so sad candy,
reminds me not to fall off with the Multi-Level-Marketing because we all know it ain't gonna last long. ten thousand pesos is a lot of money, thank god my parents or friends refuse to gave me money when i got into one of the seminars of another Multi Level Marketing here and there.
. well, it's a hard lesson learned on your part, but at least he's arrested.4 people like this
@LetranKnight25 (33121)
• Philippines
21 Aug 10
Hello chiyosan,
so, you're friend is working on that branch? she must be very disappointed in this manner. she worked so hard and then one of their boss starts doing something fraud and illegal. am sure it's the talk of their office now, and they're doing their own investigation on this, as they are too being interviewed in this time.3 people like this
@calai618 (1773)
• Philippines
21 Aug 10
It was just on the news last night. It was TV patrol's report that I was abe to watch.. These news really are alarming since people involved in such criminal cases are becoming younger and younger each day..Remember those carnappings the past weeks and all those massacres. They are all done by teens or those in their 20s. Really sad.. :(
@TheAdvocate (2392)
• Philippines
21 Aug 10
That's nothing new in the banking industry. Some people just can't resist letting all those money just pass thru their hands. They will always say that they are temporarily borrowing the money and when they make money they will return them. Never works, in the end you get caught.
@LetranKnight25 (33121)
• Philippines
21 Aug 10
Hello ADvocate,
Yeah, you're right. but probably this is the first time i've heard about an executive doing such, hasn't had enough money in his salary, this is too much of a greed here, what the heck is he going to do then. i hope they do catch this man, am sure those clients didn't get their money out of a silver platter.3 people like this
@RebeLotter (253)
•
20 Aug 10
i remember working at PS bank, and then i heard teller stealing money in their own bank. she was transferred to different branches before they decided to fire her since she has no control.
@LetranKnight25 (33121)
• Philippines
21 Aug 10
Hello Rebelotter,
some tellers are not just qualified to become one, easy prey for the money and doesn't give a damn about the clients hard work and sweat. i think she should have been brought to prison for her actions, those aren't good examples of an employee.
3 people like this
@juggerogre (1653)
• Philippines
21 Aug 10
Good thing I don't have an account in citibank and I haven't use my citibank credit card. Thanks to you I am now thinking of closing my credit card on them. I don't want to deal with banks that cannot protect from a thief within. I just hope they improve their defense more so others will not hesitate to transact with them.
@LetranKnight25 (33121)
• Philippines
21 Aug 10
Hello Juggerogre,
well, am glad this discussion was a bit informative to credit card holders such as yourself. better close it down while you're still at it. yeah, it make you doubt about the company if the executive themselves are doing some thing else with your money. am sure they're gonna re market themselves into this matter.3 people like this
@Hatley (163776)
• Garden Grove, California
20 Aug 10
hi letran yes I can well understand how angry this wou ld make'you
as you trusted this bank and have the responsibilty of paying
your brother's Citibank credit card. but relax as the bank has
to honor your payments so you will not be out any money in
spite of that embezzling jerk in CitiBank.It is pretty awful when
a bank employee turns into a thief and steals money from clients.
good luck a nd God bless.
@LetranKnight25 (33121)
• Philippines
21 Aug 10
Hello Hello hatley,
I never trusted this bank from the beginning but my brother did and he was fooled by stupid promises of credit card banks.not just an employee but a high ranking executive who got blinded by too much money. clients that are affected will never trust this bank again. 3 people like this
@eurekafemme (5876)
• Philippines
20 Aug 10
Hi, Knight. It is a sad news indeed. The man is a son of a politician in Manila, right? I overheard that one while I was having dinner...
I am a depositor, too, (not in this bank) and somehow I feared that if this thing had happened to a big bank like citibank , it could happened to other banks, too... Our money is protected against fortuitous events but not if someone from inside has stolen/corrupted it...
Who will pay then for all the money that were stolen? I don't think Citibank will pay everything to their client...
@LetranKnight25 (33121)
• Philippines
21 Aug 10
Hello Eureka,
I didn't know he was a son of a politician, like son like Parents i think. am sure there going to have a lot of assets and liabilities that are in need to be sold for the clients pay back. it's hard to deposit on a bank that we know to be suspicious. i thought this bank was good until I've heard stories about how bad it is.
3 people like this
@greenpeas (998)
• Philippines
21 Aug 10
I am pretty sure you or your brother's accounts wont be affected since all operating banks are mandatory members of PDIC so your money are insured from thieves or bankrupcy. Just make sure your balance doesnt exceed PhP500,000.00 though, or anything beyond that may not be refunded.
@sunilpaul (173)
• India
20 Aug 10
A thief and his doings necessarily should not encourage another to become one...This is a big organization and in every organizations there are employees on ill repute...They do have their own scrutiny checks and sometimes men like these slip past them till they are discovered after they do the harm...I am sure the organization would do their best to compensate their clients effected....having said that I would say it is highly inappropriate to blame the wrong doings of your brother on the organization...eventhough sometimes we HOPE that the organization to whom you owe money goes down which would benefit you in not paying your debt...but that would be a purely selfish WISH.....
@LetranKnight25 (33121)
• Philippines
21 Aug 10
am sure it's the talk of their office now, and they're doing their own investigation on this, as they are too being interviewed in this time.clients that are affected will never trust this bank again.
3 people like this
