It is hard to believe that a cheque made out to an institution could end up in a private individual's account, but this did happen in Britain recently.
An independent financial adviser defrauded his clients of £1.8 million (€2.6 million) over a 12-year period.
The adviser had his own personal savings account with Abbey, the financial services provider. Some of his clients made out cheques for investments in favour of Abbey as the fund manager...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team