Tuesday, February 22, 2011

Frenzy to Steal Elder's Pension in US and UK leads to Carelessness Leading Some to Get Caught

A personal banker helped fraudsters steal more than £820,000 from a pensioner’s ‘nest egg’, a court heard.Mohammed Ahmed, 26, first made unauthorised changes to the savings account set up by 75-year-old Brian Mahoney, it is claimed.

He then transferred all but £80,000 out of the retirement fund with Barclays, jurors were told.

Mr Mahoney, from Cheshunt, Herts, only found out when he rang the bank two months later to check how much interest he was receiving.

Read more: http://www.dailymail.co.uk/news/article-1359535/Barclays-bank-manager-helped-fraudsters-steal-820-000-pensioners-nest-egg.html#ixzz1EiVaDZD9

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