Drugb posted:antabanta posted:Does this mean you retract your suggestion that I'm on the receiving end of the fraud? If people like me stand by and allow such BS to spew undaunted, there would be a shortage of toilet tissue. You're missing the point(s).
1. If a red flag is triggered, the transaction reviewed, and all appears to be in order, why should the transaction be stopped, and by whom?
2. What makes an agent of a banking institution guilty of fraud if a power of attorney transaction seems to be in order and is processed?
3. The fact still remains that Arjoon's innocence points a stiff finger at Jagdeo's abuse of power and vindictiveness.
Your argument has no foundation. If you have documentation to support your position about the SOP at NBS, please present it.
By they way, I used to work there.
My suspicions are confirmed, you may even be one of the persons charged back then with fraud or even Arjoon himself, hence your rush to defend Arjoon.
When a red flag is triggered, there are a series of steps to be taken to validate the veracity of the request. At 350K US, Arjoon should have reached out to the grantor as part of due diligence. Apparently for someone who worked there as either a janitor or watchman or clerk, you would not know this.
If the bank failed to follow procedure following a red flag then they are guilty, such is the case with the crook Arjoon. "Seem to be in order" is not enough due diligence on the part of the banking management.
No evidence that Jagdeo had anything to do with this fake power of attorney. Only baseless claims by Arjoon to save his own skin after the money was already sported out.
I'm glad you found a straw to cling to and facilitate your return to the discussion. So what you're saying is that instead of my experience at NBS establishing my superior knowledge of the business and its operations, it makes me a crook. Is this true of all current and former employees of NBS or only those who call your BS? Please provide documentation on the series of steps that have to be taken for flagged powers of attorney transactions. The purpose of a power of attorney is to replace the grantor with the grantee because of the unavailability of the grantor. What should the financial institution do if the grantor is not reachable (which is the reason for the power of attorney in the first place?) If "seem to be in order" is not enough due diligence, is "in order' enough?
You would see ample evidence of Jagdeo's involvement, if only you would remove your blinds. Or maybe you are aware of it and received a little something from the transactions. You were visiting Guyana a lot during Jagdeo's reign... right?