Alleged €1 million fraud at Waterford credit union

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Bards

More info in Saturday's Examiner

http://www.examiner.ie/archives/2009/0905/ireland/gardai-probe-1m-credit-union-loss-100284.html

Deisekickboxing

aah yea nothing to say from the creddy union bosses except to reassure the members thats their deposits are safe
& no comment on what way it will affect this years divvy tho??
im sure the members will get stung from this somehow!!!

mike65

Well they are insured for fraud a presume but the hiked premium will have to be paid for of course.

Traumadoc

Was that the branch that bought a house in Dunmore for a mil and probably spent as much doing it up?

baronflyguy

It always amazes me when you hear of fraud (in general not necessarily this case) of such a sizeable magnitude that the auditors and various others in charge who are trained to detect fraud do not detect/suspect something odd when the amount missing is drastically lower. I guess we have to wait till this story pans out to find out what the real story is.

I hope this doesnt affect my changes of winning a car .