Slightly off topic but..
Was reading something that the FCA is finding it very hard to keep staff as they are being poached by the big financials, seems good, if you can't beat them, buy them!
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Previously on "Remember the fare dodging banker in London?"
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The City watchdog said he "demonstrated a lack of honesty and integrity".
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Originally posted by fullyautomatix View PostWas it not reported that he settled with the train company if they didnt take any further action on him and drop the whole affair ?
Perhaps he figured anything on his record would screw his chances of getting back into work, and just paying up would mean he could get on with life. I'm sure loads of companies would still hire him, even with a "bad luck for getting caught" attitude!
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As I read it he had a season ticket up until 2008 but didn't renew. The fact that he then used his oystercard everyday proved a journey was made. I'm guessing he figured coming clean and coughing up a trivial amount to a hedge fund manager was infinitely better than than a perjury charge and the following repercussions.
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Originally posted by BrilloPad View PostThe great unwashed don't understand libor fiddling. They do understand fare dodging.
Originally posted by psychocandy View PostSo why £42K he had to pay up?
Surely he didnt say, its a fair cop and admit he'd been doing it for years? Surely, he should just have said, I did it today or just this week after all..... Not saying its right but £42K!
And how'd he avoid the ticket collector on the train? they're red hot on the train I catch. Go for a crap and they wait outside the door!
He then held his hands up and agreed an 'out of court' £42k settlement, thinking that would close the matter. I think the admission was central to the FCA punishment. Maybe if he'd not admitted it, even if a court handed down a larger fine, he might have been alright. I don't know.
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Originally posted by d000hg View PostMaybe using his Oyster as described demonstrated he'd not got a ticket each time? Or maybe he was asked to prove he'd bought tickets - receipts or card statements - and couldn't. Seems a bit odd. Maybe he thought by paying up he'd keep his job but then lost out twice, or maybe his employer told him he'd get his bonus/benefits provided he helped them save face.
Maybe they have perves working on your train.
Was it not reported that he settled with the train company if they didnt take any further action on him and drop the whole affair ?
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Originally posted by psychocandy View PostSo why £42K he had to pay up?
Surely he didnt say, its a fair cop and admit he'd been doing it for years? Surely, he should just have said, I did it today or just this week after all..... Not saying its right but £42K!
And how'd he avoid the ticket collector on the train? they're red hot on the train I catch. Go for a crap and they wait outside the door!
Leave a comment:
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So why £42K he had to pay up?
Surely he didnt say, its a fair cop and admit he'd been doing it for years? Surely, he should just have said, I did it today or just this week after all..... Not saying its right but £42K!
And how'd he avoid the ticket collector on the train? they're red hot on the train I catch. Go for a crap and they wait outside the door!
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Originally posted by vetran View Posthe sort of had a point.
hiss penny ante thieving is almost embarrassing compared to Libor etc fiddling.
I wonder if the other scum will get as harsh treatment?
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he sort of had a point.
hiss penny ante thieving is almost embarrassing compared to Libor etc fiddling.
I wonder if the other scum will get as harsh treatment?
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Originally posted by Zippy View PostAnd his statement suggests he still doesn't accept he's a thief
"I recognise that the FCA has on its plate more profound wrongdoing than mine in the financial services sector, and I am sorry that my case has taken up its time at this critical juncture for the future of the City and its reputation."
Self-serving, "poor little me" bulltulip
Fiddle £40k or fiddle £40m, it's still thieving.
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And his statement suggests he still doesn't accept he's a thief
"I recognise that the FCA has on its plate more profound wrongdoing than mine in the financial services sector, and I am sorry that my case has taken up its time at this critical juncture for the future of the City and its reputation."
Self-serving, "poor little me" bullshit:
Fiddle £40k or fiddle £40m, it's still thieving.
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