Mark Addison

7.5K posts

Mark Addison

Mark Addison

@MarkAddy121

Keep moving forward.

Katılım Eylül 2016
1.6K Takip Edilen609 Takipçiler
Mark Addison retweetledi
stephen middleton
stephen middleton@stevemiddi1·
Its disgraceful. What worries me is how may MPs, regulators & even the media are immune to this. We are constantly confirming that hundreds/thousand of SMEs died early or committed suicide after bank frauds. In Ireland church leaders met at Stormont because up to 1,000 suicides in the building/property business was attributed to this. The banks lied that they were lending when they were not, our report confirms this. Tens of thousands of SMEs destroyed by bank frauds, billions stole from SMEs by banks, regulators colluded & covered up as @TheFCA continues to do stating credit line fraud we exposed didn't happen when we have all of the evidence. Not one bank director or regulator faced prison time, for the largest pre-meditated frauds & theft in UK history. @BankConfidenti1
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stephen middleton
stephen middleton@stevemiddi1·
I put 5 internal @LloydsBank credit documents & 5 internal @NatWestGroup credit documents on Fixed Rate Loans into Grok & asked it if @TheFCA could in good faith refute our allegations on the FRL Fraud to which it said - NO, THE FCA CANNOT IN GOOD FAITH REFUTE THE HIDDEN CREDIT LINE FINDINGS AFTER SEEING THESE INTERNAL BANK RECORDS This is what I showed it & why in 15 seconds Grok could work out what alleged treasury 'experts' & 'expert' lawyers & barristers haven't in 15 years: The FCA repeatedly claims Ulster Bank & Lloyds Fixed Rate Loan (FRL) customers had no derivatives, no swaps, and no real credit risk lines — just “nominal” internal risks or “errors”. Internal bank documents from two real FRL cases prove the opposite. Lloyds FRL example (2007–2009): a. Credit Proposal form (Dec 2007) lists a £1m FMD as a Hard Facility alongside the main loan. b. CAPS Customer Records Sheet has “Derivatives” explicitly ticked. c. Summit Swap Ticket (Aug 2009) shows a live £10.85m swap (fixed rate 5.185%, 10-year term). d. Deal ticket shows the bank booked £179k upfront Added Value (AV) commission. This was not a simple fixed-rate loan. Ulster Bank FRL example: a. Internal credit file shows a separate line: “Interest Rate Swap/Hedging” £180,000 approved limit. b. March 2009 internal emails: “The swap limits for the below customers have gone into excess today. Can you please get the limits increased.” c. GRG team emails refer to the customer’s “associated swap line / swap facility”. d. Sept 2012: Bank crystallised and debited £119,521.50 break cost from the customer’s account and paid it to London Markets. This was not a simple fixed-rate loan — it definitely carried regulated derivative/swap risk. These are the banks’ own contemporaneous records — credit proposals, CAPS sheets, live swap tickets, and internal emails. They prove: Real derivative (swap) trades existed Real, monitored hard credit lines were booked against the customer Limits were actively increased when rates fell Break costs were crystallised and taken from customer accounts This is exactly the “hidden credit line” mechanism described in the BankConfidential report. It directly contradicts the FCA’s statements that: 1. These FRLs were “not IRHPs” 2. Credit lines were only “nominal” and could not affect covenants or defaults 3. Swap references were just “erroneous wording” These documents show the FCA’s position on FRLs is false. Despite seeing all 10 internal bank documents proving hidden credit lines and regulated derivative risk on Fixed Rate Loans, the FCA still refuted our claims and misled Parliament. Time to call for criminal investigations into the FCA executives responsible for the ongoing cover up! @BankConfidenti1 @CarshaltonArt @MLorrM @mickmor16921994 @james_glanville @efgbricklayer
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Mark Addison retweetledi
Jim Keoghan
Jim Keoghan@jim_keoghan·
It takes some referee to watch this and think, ‘I’d best book the keeper’
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Lorraine Morris
Lorraine Morris@MLorrM·
Almost every day, evidence is provided of forged signatures, composite style documentation etc. One gets distinct impression that the perpetrators are of the view that this is a minor offence - rather than a serious criminal offence intended to either deprive individuals of funds lawfully owed to them - or to deprive them of recovering assets, post loss.
Paul Clark@paulpygmy02

@NuaGRGVictim @stevemiddi1 @MarieRackham @CarshaltonArt @PropertyJedi @TransparencyTF @efgbricklayer @LucyRigby @johnmcdonnellMP @normanlamb @hmtreasury @TheFCA @cityoflondon @RNBlake @NatWestBusiness @NatWestGroup @RBS_Help @RBSBusiness @LordMandleson @Bankconfident1 We’ve already had a whistleblower come forward saying copying our signatures was ‘normal practice’. That’s why speaking up matters.

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Julia Barrington-Fuller
Julia Barrington-Fuller@Julia04352962·
If you truly believe that then you need to commit to helping SMS’s ruined by their banks adding hidden credit lines to their business loans. #GRG
Lucy Rigby KC MP@LucyRigby

This Government is committed to fostering more secure & resilient economic growth. At the @UKinUSA & Institute of International Finance reception for @IMFNews Springs last night, the Chancellor highlighted that 🇬🇧 is open to trade & committed to long-term stability.

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stephen middleton
stephen middleton@stevemiddi1·
Tens of thousands of businesses forced into insolvency, whilst @LloydsBank & @NatWestGroup or their affiliates then picked up the assets at fire sale value. These are the banks putting out all of those reassuring adverts to bank with them & trust them. @NatWestGroup when the "Team" forced an SME into insolvency, leading to the banks West Register arm getting the property at a large discount they had to send a "Victory Email". @efgbricklayer told @vicderbyshire how one widow got bank records showing the Victory Email, as her husband was face down in the river, no longer able to cope with the stress. Every day @TheFCA Executives keep lying about this & keep the cover up going they are involved in a multi-billion criminal conspiracy & every day with interest the cost to solve that grows. @TheFCA Executives are immune from civil prosecution but not from criminal charges, Iceland jailed errant bankers I say jail @TheFCA Executives who turned a blind eye to this and then taught skilled persons, professionals & banks what words to use to keep the cover up going. @BankConfidenti1 @efgbricklayer @financialeyes @MLorrM @CarshaltonArt @mickmor16921994
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Mark Addison retweetledi
Brian Allen
Brian Allen@allenanalysis·
Just 20 minutes before Trump announced the Strait of Hormuz was open—Someone dumped 7,990 lots of Brent crude futures. A $760 million bet that oil prices would drop. Orders far larger than anything else in the market at that moment. They made a fortune. But somebody knew the announcement was coming. This is insider trading at the highest level of government.
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Mark Addison retweetledi
stephen middleton
stephen middleton@stevemiddi1·
Every SME who bought a swap started the deal in a minus position because whilst telling you the market rate was 5 or 5.5% the banks were adding circa 0.5% "commission/ added value". That was a profit over the whole term so if you took a swap at 6% when rates were 5.5% on a £1m loan for 10 years, there was an undisclosed profit of £50,000 for the bank, which was paid on day one. Your bank manager got large credits towards their annual bonus (could be in the tens of thousands on large deals). Because you were told it was a 'no premium' product and you didn't pay that £50k upfront your bank managers applied for a credit facility in your name to cover that and future losses, on the £1m deal over 10 years, it would likely have been nearer £100k (because the banks calculations said the losses could be higher over that term). The Rules - COB (per Nov 2007) & COBS (post Nov 2007) said this had to be disclosed customers & they agreed to those costs and losses, but I've never seen that. Because you had fixed your rate expecting rates to go up (as most banks told you) what they didn't tell you was that credit/loss risk went up every time rates went down, this was losses in a 'margin account' which should have been covered by you putting in cash to cover those losses. But the bank instead put Hidden Credit lines in place secured by the banks 'All Monies' charge against your property/assets. So as your risk went up as rates went down they kept applying for more credit in your/your businesses name without telling you. This was not a small risk in 2009 most credit risks over a 10 year fix were around 25% of the loan value, over 20-25 years it could be 60-70% plus. You believed you owed £1m but on your credit record it may be £1.25m up to £1.75m plus, which might then trigger loan to value breaches on the banks credit system. You thought you were a safe bet but the higher credit risk (undisclosed) downgrades your credit risk, the high rates ruins your debt service cover and your debt against your assets (LTV) breaks your loan terms, because the credit line liability on the swap or fixed rate loan (if you're a victim of the Ulster Bank or Lloyds FRL fraud) is a hard obligation, no different to a loan of the same value... In 95-99% of occasions in my experience SMEs had no idea about that risk. You all had set or were controlled by acceptable Loan to Value (LTV) ratios, usually maximum 70% of the value of your property/assets. When the Hidden Credit liabilities created a breach of that credit risk you went to GRG, BSU or were forced into insolvency but the manager never disclosed that, they'd manufacture another reason e.g. late accounts, breakdown in relationship or manufactured undervalue of assets etc, These non-disclosures did not only breach the @TheFCA Rules, it was fraudulent (non disclosure/ misrepresentation/abuse of position). If any SME employed 'expert' derivative specialists, lawyer's and/or counsel & were not informed about this bet it's possible you were the victim of professional negligence. Certainly if that 'known loss' inflicted on you by the bank led to consequential losses and you were not made aware of that, there are questions to be asked. If you/your company faced insolvency because of this and your Insolvency Practitioner never considered this causation, you may also have been the victim of negligence or complicity/collusion by the IP with the banks. That is very common especially with certain large firms we are studying. This is one of the major injustices/frauds we have been working to expose since 2017. @BankConfidenti1 @efgbricklayer @TransparencyTF @CarshaltonArt @mickmor16921994 @james_glanville @MLorrM @jameshurley @andyverity @SkyNews @BBCBusiness
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Mark Addison retweetledi
stephen middleton
stephen middleton@stevemiddi1·
@MarieRackham @CarshaltonArt @PropertyJedi @NuaGRGVictim @paulpygmy02 @TransparencyTF @efgbricklayer @LucyRigby @johnmcdonnellMP @normanlamb @hmtreasury @TheFCA It was difficult to live through but instead of listening to a generation of scarred but intelligent SMEs, many of whom despite all of that never stopped working, never stopped earning & driving the economy, the GVT want to sympathise with bankers & a corrupt @cityoflondon
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Mark Addison retweetledi
Lorraine Morris
Lorraine Morris@MLorrM·
👇👇👇See post below and for Ireland - Think Ulster Bank 🇮🇪 Where credit liabilities are obscured, misstated, or denied (which they were) the issue goes to the heart of lawful disclosure, fair dealing and accountability in the banking system. A bank that withholds the true nature of a borrower’s exposure cannot later rely on formal denials to evade responsibility. 🔹If liabilities were concealed, the concealment was material; 🔹if customers were misled, the damage was foreseeable; 🔹and if the State institutions charged with oversight failed to intervene, that failure also demands scrutiny. The contractual and regulatory framework was used to mask risk, to shift loss onto borrowers and to preserve institutional reputation at the expense of lawful transparency. Where hidden credit liabilities exist, the proper response is not silence, spin, or selective denial. It is disclosure, investigation, and remediation. Who agreed that Irish SMEs and entrepreneurs would be sacrificed?
stephen middleton@stevemiddi1

Study it carefully they know they have a major problem, a multi, multi billion problem. A huge fraud at state sponsored banks @TheFCA @hmtreasury & @bankofengland all knew in 2009 when setting the Asset Protection Scheme up. They stayed quiet & let thousands of SME fraud victims be destroyed rather than expose the fraud. Randell knew, he had to in order to advise them on the APS, Bailey knew he had to in order to inform the BoE. And the Treasury represented by Rathi & Wood knew, that's why they've been 'placed' as head of all 3 regulators, FCA, PRA & BoE, to dismiss deny & cover up in case this was exposed. That's why GRG could not be investigated other than by nonsense whitewash firms, that's why they paid Blackburn team millions for a disgraceful GRG review cover up. That's why Swift's team were paid £8.5m for a ludicrous 493 page report of waffle that gets everything wrong about derivative risk, fixed rate loans, the rules & the law. That's how this has all operated employ/buy a few alleged experts & judges, set/buy nonsense precedents with 'tame' experts allegedly representing victims accidentally getting it all wrong. That's why Foskett is following in Blackburn's and Swift's footsteps promising to put the people back into the position they 'would have been in had the fraud not occurred', but its all lies. The real victims are getting fractions of their losses, that's why they're promoting it at £600m for victims but paying that to the lawyers & PR agents covering up Foskett's Panels failures against promises & hiding the fact some 'stakeholder' alleged victims quadrupled their compensation by agreeing new rules that shafted the real victims. When you challenge the Foskett Panel you don't get responses from a lawyer/barrister you get them from a PR man whose sister is a Labour MP, telling you you're wrong on legal & financial issues they have no qualifications or expertise in. And when the issues are raised of senior Lloyds Executives illicit/ potentially criminal behaviours in the compensation scheme (as will be exposed), why instead of a formal investigation & complaint response do you get a Mr Beckwith improperly accessing privileged legal information & threatening people legally, do the DISP complaint Rules not apply in @LloydsBank and to him. I know they've covered the Reading fraud up since 2009, I can prove that, I know key Board members lied about it for 8 years (stop wasting time on the Dobbs report I can prove all of that), I've been in meetings where they lied about it including with the ex COO and CEO. But surely some FCA Rules still apply when they're dealing with vulnerable victim cases? So MPs/Lords don't just demand the Dobbs report, demand to know how many Reading victims have been paid out by fraudsters from @LloydsBank , how much they've received, why is it a secret? Ans ask why do the stakeholders the SME Alliance & Buchanan's APPG now stay silent on this, leaving victims unrepresented, now the SMEA directors have been well paid out... You can't get justice in reviews/complaints but you also have no chance in court, they parachute judges in with pre-prepared judgements who will say black is white for the right price/reward on these financial frauds. @CityPolice don't investigate financial frauds UK wide, because as a privately controlled force paid by the City, funded by banks & magic circle firms they are instructed not to, as I've heard City barristers say, white collar fraud is 'not a fraud', Hence less than 4% of fraud reported is investigated. Most law firms & many barristers are just salesmen, guns for hire, they are the easy part to rig/fix, with all the future work you give them. The Insolvency Practitioners are crucial - failing to investigate millions lost in companies run by criminals like Mills & alleged fraudsters like UK Acorn, backed by Barclays & Lloyds whilst bankrupting, ruining & controlling SMEs to remove their rights to bring claims & demand compensation. £1billion went missing in HBOS Reading in firms IPs & Experts employed by the bank & police couldn't find... Why aren't we looking for it? I bet a few ex HBOS senior managers, Parliament advisers & civil servants know just which Cayman Island & Bahamas accounts the money went to, they'd be able to get out their offshore private bank cards and tell you. Then of course IPs as 'officers of the court' investigate such matters. But in my opinion based on years of dealing with them and now identifying the main UK 'go to' firm for burying bank fraud victims, I believe they are the most corrupt 'profession' in the UK, little more than licensed thieves & fraudsters. The banks then buy/incentivise/influence leaders of so called bank victim pressure groups, give them the right deal (IRHP, Griggs, Foskett) & they'll righteously turn over the other victims for the 'greater good' argument that didn't however apply to them. @nickmacpherson2 knew about the major frauds I reference certainly @NatWestGroup , that's why he refused to sign off the APS, he refused to risk using public money to insure 'tainted assets' linked to fraud & potential criminality. Macpherson told Darling, but Darling went ahead anyway to protect criminal bank managers/Directors & the City. In 2008 facing the Great Financial Crisis the financial Generals Darling, Bailey, Rathi, Woods & Co. sent tens of thousands of SMEs over the top, to face sure slaughter in the great tradition of the Light Brigade and Western Front leaders. Billions lost and stolen, a generation of Entrepreneurs destroyed whilst they sat in their ivory towers and re-wrote history saying they had saved the UK economy. Darling & Brown's legacy is not saving the UK economy its destroying tens of thousands of SMEs to protect City crimes & the legacy of austerity as they lied about & covered up the losses of @LloydsBank & @NatWestGroup who had not lost £40 billion but likely ten times that. The current government doesn't have to worry about resolving issues from the former government (Tories) as suggested in Westminster Hall this week, the frauds/crimes were all done under a Labour GVT. The Coalition just actively covered it up, ask Osborne why Wheatley went... They thought they'd got away with it until detailed investigations by @BankConfidenti1 over the last decade with whistle-blowers & experts, examined the facts & then got a very unusual admission from a very unusual source last November, exposing the largest fraud of all. We now know how it worked, have the evidence, admissions & whistle-blowers who confirm it and now they know we know. It's now over to them... I'd be interested to hear any thoughts on whether my assessment of this backed by thousands of documents, whistle-blower meetings, testimonies, witness statements & direct involvement, first hand knowledge & sight of many of these issues is flawed or inaccurate. Not from the totally INDEPENDENT @TheFCA however, because at present the Executives backed into a corner just repeat lies about all of this, as they are being instructed to... We refute the BankConfidential allegations they say, but what do they refute and why and on what basis. The response is little better than a child putting their fingers in their ears, their tongue out and making nonsense noises as if they cannot hear us. Is that really the best they can do, I do suspect it is so.... But is this what the UK really is now, a banana republic, run by despots, with kangaroo courts, where there is no hope of justice against the system? I really do hope not but I see little evidence to convince me otherwise... @BankConfidenti1 @efgbricklayer @MLorrM @financialeyes @mickmor16921994 @james_glanville The Parable Of The Old Man And The Young - War Poetry

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stephen middleton
stephen middleton@stevemiddi1·
One of the suicide risk/ suicide cases but as I say will not judge @LucyRigby until I and she knows more. @TheFCA are supposed to be the experts on this with expert/legal support but they’ve been lying to/misleading Parliament since 2014. I/we can prove that & they all know it. I can’t disclose much of the evidence I have because of NDAs which I will not breach. I have authority from the surviving family members on that suicide case to use evidence at my discretion. @TransparencyTF & @johnmcdonnellMP have seen the final letter from a man who killed himself so his wife would not lose their home. His life insurance paid out on suicide after 2 years he’d read the terms, he set it all out in his letter before he drove up the hill next to his beloved home and attached a hose from the exhaust of his car… He told his wife she could trust me to take the bank on even though I’d only known them for a few months. They spent tens of thousands on lawyers on a £9m turnover business, they’d all missed key regulatory rules. The bank put a debt/charge on the home to cover the Hidden swap credit liability. I knew I could beat the bank technically on COBS MCOB rule breaches but the bank dishonestly refuted my arguments. When he was dead they admitted I was right and they’d misinterpreted rules. I sorted pro bono, still good friends with his widow but will never forget. The bank Executive complaints manager had refuted my MCOB argument. When I called him to report the death he was speechless. I said to him you knew I had you technically on the Rules why did you fight me on it. He was truly affected by it. He managed the whole compensating claim where we settled with the COO with Board members in the other end of the phone. When we agreed the figure he called me the day the money was sent to apologise & thank me for my help & inform me we wouldn’t speak on it again as he was leaving the bank that day. A banker, a generally good man institutionalised, no doubt doing what he was told in a financial maelstrom when banks were shedding thousands of staff with a family to support & mortgage to pay. Should I also mention the case where I was asked to drop everything at a nights notice to help a businessman who after continual pressure from GRG left a suicide note on his laptop before going into nearby fields with a shotgun & bottle of whiskey. Luckily they found him, I went next day & within weeks stopped all recovery action. I could go onand name many such cases but I’d prefer not to, it’s hard to relive. I was not a lawyer could not/ did not charge for this, I was an experienced financial adviser who knew how to handle bankers and had a conscience. I’m one of thousands like @BankConfidenti1 @MLorrM @ianhtyler who believe in financial services, believe integrity and professionalism is key but also believe “The Rules are the Rules” I have to be honest these experiences mould you, they shade your view on everything/ life. That’s why on matters like this I’m not promoting revenge, anarchy etc. just sensible discussions that let victims get on with their lives & banks do the right thing in as far as they can and get on with their business. This issue is large, complex but needs to be resolved sensibly so we can all just get on with our lives.
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Paul Davey 🚜🌾🐑🚛🏴󠁧󠁢󠁥󠁮󠁧󠁿🏉
The Government, the FCA, even Mr Silvikrin Mark Garnier call it compensation. It wasn’t compensation, it was repayment of our own money taken from us by deception. The scheme added 8% simple interest. No compensation was ever paid for lost business, assets sold, jobs lost - that’s compensation foregone. They need to give their heads a wobble.
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Jane Farmer
Jane Farmer@janea216·
Pleased to see loans to SMEs described as 'a catalogue of gangster-like behaviours.' 'No couple should have their family home put at risk simply because a bank failed to disclose the true risks...of a 'product'. The reliance on personal guarantees made this toxic. #PGwidow
stephen middleton@stevemiddi1

Many MPs spoke very well today. I thank them for their hard work, integrity & diligence in helping to expose what is quite simply “The Largest Fraud Ever” in the UK. I particularly thank @johnmcdonnellMP for agreeing to table this debate & @normanlamb for his integrity over many years in trying to resolve & expose this & other @TheFCA cover ups. The Treasury made numerous admissions today, that prove @TheFCA foundation in denying this fraud, is built on sand & will not stand, the architects of SME destruction & those involved in the cover up will be exposed. Asset Protection Scheme - Bailey, Rathi, Woods & Randell = let them tell us just how many hundreds of billions of bank losses, these schemes had to cover up. Darling signed off public money insuring bank fraud & the APS architects of that scandalous scheme made sure Vultures like Cerberus picked the SME bones clean. Tens of thousands of SMEs destroyed, millions of jobs lost, an economy sacrificed to save criminal bankers, 15 years of austerity & not one criminal Bank DIRECTOR or EXECUTIVE jailed. And @hmtreasury suggest we can’t really go back & right these wrongs, these crimes, these frauds & thefts, because they weren’t in power then. Well who the hell is in power now? Tell that excuse to: 1. Hillsborough victims families. 2. Victims of infected blood. 3. Post Office Horizon victims And while you’re at it tell us why a Prince of the Realm & Business Secretary trying to sell the fraud victims assets at fires sale prices to Epstein their paedophile pal in 2009 is a crime that can be investigated but the fraud theft & asset stripping of SMEs in 2008/09 is too old to be reinvestigated? @LucyRigby The more support @TransparencyTF & @appgonifandffs gets to make proper investigations happen the faster we will expose this. I & @BankConfidenti1 were not victims of this, we were victims of @TheFCA for daring to speak out against bank fraud & market abuse. But there are still tens of thousands of you SMEs out there, who were victims & were conned in to undergoing the IRHP Review or improperly barred from it, on the lie - losses were not foreseeable. You all have MPs, you all have rights, you all have a voice; Make it Heard! Don’t stop fighting for Justice, you don’t just deserve it, you are entitled to it. @efgbricklayer @CarshaltonArt @mickmor16921994 @james_glanville @TheCrosskeysInn @EthicalDavid @EmilyBuchanan1 @Ian_Fraser @MLorrM @ianhtyler

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Jane Farmer
Jane Farmer@janea216·
@LucyRigby the response of the Treasury to the debate on IRHPs really spoke to me. It said: Banks must be protected at any cost. We are frightened to question why UK courts can't deal with bank misconduct. No SME can depend on their govt to protect them from a bank. #PGwidow
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stephen middleton
stephen middleton@stevemiddi1·
@paulpygmy02 @hmtreasury @TheFCA It also proves that the traders lied when SMEs asked what exit penalties might be, as many did on the trade calls. They had all of the liabilities in front of them on exit costs & credit risk on Bloomberg system & then trade confirmation, they just withheld it from you.
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Jane Farmer
Jane Farmer@janea216·
2008/9 frauds and thefts, such as IRHP misselling and misuse of PGs, carried out by banks on their SME customers, go too far back to be investigated. Really? Inc. Fraud? I suggest the problem is a massive can of worms, not least of which is who covered it all up. #PGwidow
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