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| 5/24 |
| 2005/4/8-9 [Reference/Law/Court, Computer/Rants] UID:37114 Activity:moderate |
4/7 Yay outsourcing! Indian call center employees use customer banking
information to steal $350,000.
http://timesofindia.indiatimes.com/articleshow/msid-1070986,curpg-1.cms
\_ I'm sure that would never happen in the U.S. -tom
\_ Yeah, but the money would be easier to recover.
\_ In the Bay Area there was recently a couple of people who
worked for BofA who embezzled millions over the years.
They're going to jail, but $5 million is still unaccounted
for, and very little of the money was recovered.
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/03/15/BAG73BPFIJ1.DTL
http://tinyurl.com/69dq9 (sfgate.com)
-tom
\_ Any theft that goes 5 years undetected will be hard to
recover. If they were busted after a month like the
Indians I bet most of the money would be found.
\_ Maybe if we'd outsourced to India they would have been
caught faster. -tom
\_ are you actually pro-outsourcing or just poking
holes in her arguments?
\_ I am neutral on outsourcing; I think blaming
embezzlement on outsourcing is ridiculous. -tom
\_ Not necessarily. Trusting sensitive data to
a 3rd world country is a problematic concept
\- apparetly it is also problematic to
trust ucb.
in itself. The above data point does not prove
it either way, nor does your counterpoint,
but your assertion is plainly just dumb.
\_ There was a previous case where a local
hospital outsourced their medical
transcription to some company, who
outsourced it to another company, who
outsourced it to India, and then stopped
paying their employees, who threatened the
hospital with publicizing medical records
unless she got paid. While that could
still happen in the US, there's *way* less
recourse when the person is in another
country with a different set of laws.
\- two words: "union carbide"
\_ While that's a local downside of
outsourcing, they got to run the
plant cheaply and with lax safety
procedures, and then ended up paying
way less in damages than if they
had killed Americans.
\- well ok more than two words:
how do you think some indians
feel about foreigners being
outside the law. anybody have
relatives in canada? what do
they think about congressmen
saying "we cant trust crazy
unsafe canadian pharmaceuticals".
\_ *cough*BEXTRA*cough* |
| 5/24 |
|
| timesofindia.indiatimes.com/articleshow/msid-1070986,curpg-1.cms Close on the heels of the Webcam Kulkarni scandal, in which a tenant secretly filmed girl students staying in his hostel using hidden cameras, the Pune police hav e unearthed a major siphoning racket involving former and serving callce ntre employees. Twelve people, including the alleged mastermind, have been arrested. The police are trying to determine the extent of the scam and whether the ac cused committed such crimes earlier. Addressing a press conference on Wednesday, police commissioner DN Jadh av said, "This is a rare case in which criminals have exploited the weak nesses in high-end technology." While Jadhav refused to disclose the name of the BPO or the bank involved , police sources said some of those arrested were employees of Msource, Kalyaninagar. Vivek Dayal, head (corporate communicat ions) of Msource, told TNN: "It is an unfortunate thing to happen. Howev er, the arrested people are not on our rolls now." |
| sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/03/15/BAG73BPFIJ1.DTL But prosecutors say Serrao and her co-worker, Bryan Rosenquist, wagered m illions of dollars in Nevada casinos and bought trappings of wealth far beyond their means, including jewelry, automobiles and more than 100 rac ehorses -- and bankrolled it all with money pilfered from the very vault they were paid to protect. On Monday, US District Court Judge Claudia Wilken sentenced Serrao to s even years and three months in prison for conspiring to embezzle $12 mil lion in ATM money that Bank of America had given to Loomis, Fargo & Co. The thefts allegedly occurred between 1998 and 2001, an d were discovered when the two defendants quit. It's going all the way to the top, even it takes me 20 years,'' a shaken Serrao, 44, said after the hearing. Wilke n ordered Serrao, a Vacaville resident who was accompanied by family mem bers, to surrender to prison officials in six weeks. Rosenquist, 42, who was found guilty along with Serrao last June, also wa s to be sentenced Monday, but it was postponed until April 25 because hi s attorney was sick. Tim Pori, Serrao's attorney, sought a sentence of less than five years by arguing that she was less responsible for the huge theft than Rosenquis t "She (Serrao) was a minor player,'' said Pori, who had earlier questioned the plausibility of Serrao and Rosenquist walking out of their workplac e with $12 million in $20 bills. Bank of America typically sent bags containing $200,000 in $20 bills to L oomis, Fargo, according to court documents. Prosecutors acknowledged that Rosenquist may have played a bigger role bu t argued that Serrao was fully involved in the scheme and that it could not have occurred without her cooperation. "She was doing it to maintain her lavish lifestyle,'' said Assistant US Attorney Maureen Bessette, adding there is still $5 million for which i nvestigators have been unable to account. Wilken took little time to reject the defense arguments, telling Serrao t hat, unlike many cases where she had an understanding of why a defendant committed a crime, in Serrao's case she had none. Afterward, Bessette said in an interview that Serrao and Rosenquist laund ered money through Nevada casinos by playing high-stakes slot machines, keeping whatever they won. Prosecutors also demonstrated in court documents that the two spent proli fically on material goods. In 1999, for example, Serrao went to a farm in Kentucky and paid $220,000 in cash for three horses named Belga Wood, Compacto and Just Silver, ac cording to court documents. The alleged scheme used to defraud Bank of America involved little more t han sending bogus reports to the bank's ATM accounting office in San Fra ncisco and the bank's St. Louis office that sent money to keep the Loomi s, Fargo account full, prosecutors said. Efforts to get comment Monday from Bank of America and Loomis, Fargo were unsuccessful. |
| tinyurl.com/69dq9 -> sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/03/15/BAG73BPFIJ1.DTL But prosecutors say Serrao and her co-worker, Bryan Rosenquist, wagered m illions of dollars in Nevada casinos and bought trappings of wealth far beyond their means, including jewelry, automobiles and more than 100 rac ehorses -- and bankrolled it all with money pilfered from the very vault they were paid to protect. On Monday, US District Court Judge Claudia Wilken sentenced Serrao to s even years and three months in prison for conspiring to embezzle $12 mil lion in ATM money that Bank of America had given to Loomis, Fargo & Co. The thefts allegedly occurred between 1998 and 2001, an d were discovered when the two defendants quit. It's going all the way to the top, even it takes me 20 years,'' a shaken Serrao, 44, said after the hearing. Wilke n ordered Serrao, a Vacaville resident who was accompanied by family mem bers, to surrender to prison officials in six weeks. Rosenquist, 42, who was found guilty along with Serrao last June, also wa s to be sentenced Monday, but it was postponed until April 25 because hi s attorney was sick. Tim Pori, Serrao's attorney, sought a sentence of less than five years by arguing that she was less responsible for the huge theft than Rosenquis t "She (Serrao) was a minor player,'' said Pori, who had earlier questioned the plausibility of Serrao and Rosenquist walking out of their workplac e with $12 million in $20 bills. Bank of America typically sent bags containing $200,000 in $20 bills to L oomis, Fargo, according to court documents. Prosecutors acknowledged that Rosenquist may have played a bigger role bu t argued that Serrao was fully involved in the scheme and that it could not have occurred without her cooperation. "She was doing it to maintain her lavish lifestyle,'' said Assistant US Attorney Maureen Bessette, adding there is still $5 million for which i nvestigators have been unable to account. Wilken took little time to reject the defense arguments, telling Serrao t hat, unlike many cases where she had an understanding of why a defendant committed a crime, in Serrao's case she had none. Afterward, Bessette said in an interview that Serrao and Rosenquist laund ered money through Nevada casinos by playing high-stakes slot machines, keeping whatever they won. Prosecutors also demonstrated in court documents that the two spent proli fically on material goods. In 1999, for example, Serrao went to a farm in Kentucky and paid $220,000 in cash for three horses named Belga Wood, Compacto and Just Silver, ac cording to court documents. The alleged scheme used to defraud Bank of America involved little more t han sending bogus reports to the bank's ATM accounting office in San Fra ncisco and the bank's St. Louis office that sent money to keep the Loomi s, Fargo account full, prosecutors said. Efforts to get comment Monday from Bank of America and Loomis, Fargo were unsuccessful. |
| sfgate.com Friday, May 14, 2004 Updated: 12:07 AM PDT ' I'm guessing that the best way to hail a cab or a bartender in Athens will not be by waving an American flag." Sorensen Capital group He's already got more money than god, but that isn't stopping Steve Young (above, right) from embarking on a second career in business. Gov's Balancing Act Schwarzenegger unveils revised budget containing spending cuts and (as promised) no new taxes. Wedding Date's Still On Same-sex marriage opponents lose bid to halt gay nuptials, scheduled to begin Monday in Massachusetts. Researchers say they've found evidence of impact greater than the one that probably caused the dinosaurs' extinction. Wars' $50 Bil Price Tag "It's a big bill," says Wolfowitz, who estimates the cost of conflicts in Iraq and Afghanistan. No Plea From Anderson Using a wheelchair, the haggard-looking suspect is arraigned in the murder of Xiana Fairchild. Giants Left Stranded G-men leave 12 men on base, including two in the bottom of the 9th, and drop series to Philly. Sex, Drugs, And Then 5 Deaths Playboy Playmate tells how she got involved with 2 suspects, but left in just the nick of time. Pixar Growth Plan Wins Fans 20-year proposal for Emeryville site gets flak from activists, but city says go for it. |