Archive for Bank Account
November 19, 2008 at 5:24 am · Filed under Bank Account
A top federal government accounting official assured a court yesterday at a bizarre fraud trial that there are no secret government bank accounts containing billions of dollars secreted away from the public.
William Matthews, executive director of government accounting and reporting with the Treasury Board of Canada, said there are “no such bank accounts” when asked by assistant Crown attorney John Forrester if there are accounts in the names of individuals where money is stashed.
The “secret bank accounts” were the basis of a scheme promoted by four men on trial who allegedly lured people to pay them to access the billions and become debt-free.
Paul Stapylton, 49, John Boyle, 53, Donald Coatsworth, 52, John Hondzel, 63, and Andreas Toth, 38 are representing themselves without defence lawyers — and some have said they are only appearing on behalf of the names on the indictment.
They promoted an idea that names spelled in capital letters were the names on the secret accounts. All that was needed was a “straw man” contract filed on the account as debtors with the provincial government put liens on the money and stop paying debts.
Chris Edgar from Service Ontario said the names on the documents are in capital letters for data entry purposes.
He said there are hundreds of “bogus” contracts filed and no way to catch them all because they are entered electronically.
Matthews said there is only one federal bank account — the consolidated revenue fund — and the account is public.
Forrester asked if there was “any reality” to the secret account concept.
“There’s no significance whatsoever and no such bank accounts,” he said.
None of the accused men had many questions for either witness.
Boyle asked if Matthews was instructed not to comment on some “sensitive issues” in the public forum.
Matthews said he “can’t think of any information I couldn’t comment on.”
The trial continues today.
http://lfpress.ca/newsstand/News/Local/2008/11/19/7458126-sun.html
November 17, 2008 at 6:55 am · Filed under Bank Account
Government lawyers have asked the Sandiganbayan to order the opening of bank account suspected to be the repository of millions in hot money from alleged fraudulent transactions of the Armed Forces of the Philippines-Retirement and Separation Benefits System (AFP-RSBS).
The account at the Bank of Commerce is said to have been the repository of a P4.85 million check paid for a piece of property believed to have been bought twice by the AFP-RSBS.
In a six-page Comment filed Nov 11, Assistant Special Prosecutor II Gay Marie F. Lubigan-Rafael asked the graft court to junk a motion from Bank of Commerce (BoC) invoking RA 1405 of The Law on the Secrecy of Bank Deposits.
The BoC is trying to prevent inquiry into Account No. 0145-02366-1.
Rafael also moved for the denial of a request by the bank’s Legal Management Services Group to quash the subpoena issued by the court requiring her to produce records pertaining to the questioned bank account and to testify.
The prosecutor did not identify under whose name the bank account was registered but said documents she obtained showed that Security Bank Check no. 57573 - for P4.85 million - went into the said BoC account.
The check was supposedly issued to Domeciana Ortega and Rodolfo Opeña as payment for a parcel of land in Tanauan, Batangas acquired from them in 1997 by the AFP-RSBS.
“Said check, unfortunately, did not go to the pockets of the payees but was allowed to be withdrawn by the accused by another person and subsequently deposited with the Bank of Commerce under account no. 0145-02366-1,” the prosecutor said.
Suspicion of an anomaly in the land deal was aroused by the discovery of two Deeds of Sale pertaining to the same parcel of land.
One, a unilateral deed dated July 24, 1997 and signed only by the former lot owner contained a purchase price of only P720,630.
The second deed reportedly found in the files of the AFP-RSBS was dated July 14, 1997 with a purchase cost of P4,852,242.
“The unilateral deed of absolute sale with the lower consideration was the one presented to the Register of Deeds of Tanauan to effect transfer of ownership in favor of AFP-RSBS. However, the bilateral deed of absolute sale with the higher consideration was the amount allowed to be released by the accused as the purported payment for the said property,” the prosecutor said.
Richard S. Allas of the law office of Espino, Marifosque and Allas, counsel for Bank of Commerce, argued that the bank would be exposing itself to legal liabilities if it allows disclosure of details about the bank account.
“The Law on Secrecy of Bank Deposits declares that bank deposits should be treated with ‘absolute confidentiality’. With all due respect, allowing the bank to disclose information on the account of a depositor which is not clearly identified is tantamount to fishing for information,” he pointed out.
http://www.gmanews.tv/story/133637/Govt-lawyers-goes-after-AFP-RSBS-bank-account
November 10, 2008 at 7:46 am · Filed under Bank Account
First Merit Bank, 700 Park Avenue West, Mansfield — A 46-year-old man reported Friday morning he tried to get money from his account and had a zero balance. The man said there should have been $400 in the account.
First block of Stewart Avenue., Mansfield — A 60-year-old woman reported Friday afternoon the theft of a rear license plate from her 1993 Oldsmobile.
300 block of Grace Street, Mansfield — A 66-year-old woman reported Friday evening she wanted a .22 caliber gun that belonged to an ex-boyfriend, worth $150, removed from her house.
100 block of Western Avenue, Mansfield — A woman told police Saturday someone stole $265 from her purse at a party.
The News Journal does not identify people charged with misdemeanor offenses in the Emergency Calls. This is a fairness issue related to the large number of incidents that we cannot report in the wide geographic area being covered. Offenders are identified through subsequent court listings.
http://www.mansfieldnewsjournal.com/article/20081110/NEWS01/811100314
November 8, 2008 at 1:39 am · Filed under Bank Account
A COMPANY boss who suspended an executive over an alleged £650,000 embezzlement used his business as a personal bank account, a court has heard.
Bindery Machinery Services (BMS) boss James Brown, 48, admitted that he used his company credit card and bank account for thousands of pounds of private expenditure.
He said he w got Katrena Allan – accused of stealing the huge sum from him – to pay for a diamond ring, his honeymoon and £4000 electric gates for his home.
Allan, whose company Glowworm Books publishes the well-known Maisie the Morningside Cat series, claims she only took back money that she was owed.
At Allan’s trial at Edinburgh Sheriff Court yesterday Mr Brown said he alerted police after returning from abroad to find his company’s bank account at the limit of its £600,000 overdraft.
An accountant found several payments to Allan and her company. Mr Brown claimed these payments were not authorised.
But defending, David Nicholson QC claimed that many of the electronic payments were monies that were owed to her when she forked out on company expenses.
Allan, of Ecclesmachan, West Lothian, denies embezzling £656,325 between May 1999 and January 2005.
http://news.scotsman.com/scotland/Boss-used-firm-like-a.4671860.jp
