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Brit who allegedly fled to Thailand with 96,000 Pounds stolen cash appears in UK court

webfact

By webfact
in World News

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webfact Grand Master Member

webfact

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Northampton man who allegedly fled to Thailand with £96,000 stolen cash appears in court

NORTHAMPTON: -- A Northampton man who allegedly fled to Thailand five years ago after he received £96,000 in stolen cash has appeared at Northampton Crown Court.

Christopher Pancoust, aged 48, of Harvest way, Spring Park, Northampton, is charged with conspiring to steal almost £100,000 from a Lloyds TSB customer.

The offences were alleged to have been committed from September 1, 2009 to November 3, 2009.

Pancoust’s two codefendants Michael Hollis and Daniel Barlone, two former Lloyds TSB employees from Northampton, were both jailed in April 2010 after they admitted using inside knowledge and experience of banking to alter withdrawal limits and make illegal transfers at the Kingsthorpe branch to siphon off the life savings of a pensioner while he was away on holiday in America.

It is alleged the money was transferred to Pancoust’s account and he then travelled to Thailand.

Full story: http://www.northamptonchron.co.uk/news/crime/northampton-man-who-allegedly-fled-to-thailand-with-96-000-stolen-cash-appears-in-court-1-6743151

-- NORTHAMPTON Chronicle 2015-05-14

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Ulic Gold Member

Ulic

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True scum, his victim was a pensioner....... Hope he gets what he deserves.

Surely Lloyds made the pensioner whole, no?

That said the law is soft on white collar crime.

A stolen dollar is a stolen dollar. Lock the crook up.

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mercman24 Gold Member

mercman24

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yep crime pays in the uk. my stepdaughter has a pub, she hubby and kids needed a much deserved break, relief manager nicked £4000, all she got was 3 months probation, and stepdaughter loses 4 grand .??

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Jip99 Platinum Member

Jip99

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True scum, his victim was a pensioner....... Hope he gets what he deserves.

Actually the victim was Lloyds TSB Bank.

The account holder is protected from loss in the UK.

The bank deposit Protection Scheme limit would only have been £50,000. It is probable that Lloyds compensated the account holder on account the fraudulent activity.

Lloyds customers would have paid in the end - the banks never truly absorb such losses.

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Sooo Upto Me Senior Member

Sooo Upto Me

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True scum, his victim was a pensioner....... Hope he gets what he deserves.

No jail.

All pensions and welfare canceled, and savings, cash, assets and passport seized at age 65.

Where on earth u get that info from??? Not true at all.

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EnglishJohn Silver Member

EnglishJohn

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Sadly it is true : UK law and the infamous EU 'Court of Human Rights' protect the guilty far more than they protect the innocent.

Hopefully Davy boy got the message in the last election and will do something about it now that the liberals have vanished in a puff of election smoke.

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Sooo Upto Me Senior Member

Sooo Upto Me

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He will not lose his assets, savings, passport at age of 65. Wot a load of codswallop.

He will get a light jail term maybe 2-3 yrs same as his accomlishes. If hes very lucky an the judge is having a

bad hair day, an its his 1st offence then he might get a suspended jail sentence a fine an community service.

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gandalf12 Silver Member

gandalf12

Posted
Posted

True scum, his victim was a pensioner....... Hope he gets what he deserves.

Surely Lloyds made the pensioner whole, no?

That said the law is soft on white collar crime.

A stolen dollar is a stolen dollar. Lock the crook up.

Remember the great train robbers? They got sent down longer than people who had comitted murder

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Suradit69 Diamond Member

Suradit69

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True scum, his victim was a pensioner....... Hope he gets what he deserves.

being as he is in the UK he'll get an ASBO

More likely 8 years at Her Majesty's pleasure!

And at the taxpayers expense.

It costs £65,000 to imprison a person in this country [uK] once police, court costs and all the other steps are taken into account. After that it costs a further £40,000 for each year they spend incarcerated.
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nahkit Gold Member

nahkit

Posted
Posted

True scum, his victim was a pensioner....... Hope he gets what he deserves.

Surely Lloyds made the pensioner whole, no?

That said the law is soft on white collar crime.

A stolen dollar is a stolen dollar. Lock the crook up.

Remember the great train robbers? They got sent down longer than people who had comitted murder

Some people might say that what they did to Jack Mills was tantamount to murder.

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NeverSure Star Member

NeverSure

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Lloyds customers would have paid in the end - the banks never truly absorb such losses.

That's not true at all. Banks have two kinds of money; their customers' money and their own money called capital. They can't take money out of your account to pay a loss. It is charged as an operating loss which reduces both net profit and capital.

The only way the bank could make the customers pay is to raise fees and/or interest rates and that's going to happen due to market forces and not due to a loss. Unless the market allows all other banks to raise fees and rates, the bank would become noncompetitive and lose market share.

It's possible for a bank to take losses that are so big it has to close. It will have lost its own money (stockholders' money) as capital, but not its depositors' money. It is a crime for a bank to dip into depositors' money to pay its bills.

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hawker9000 Platinum Member

hawker9000

Posted
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Lloyds customers would have paid in the end - the banks never truly absorb such losses.

That's not true at all. Banks have two kinds of money; their customers' money and their own money called capital. They can't take money out of your account to pay a loss. It is charged as an operating loss which reduces both net profit and capital.

The only way the bank could make the customers pay is to raise fees and/or interest rates and that's going to happen due to market forces and not due to a loss. Unless the market allows all other banks to raise fees and rates, the bank would become noncompetitive and lose market share.

It's possible for a bank to take losses that are so big it has to close. It will have lost its own money (stockholders' money) as capital, but not its depositors' money. It is a crime for a bank to dip into depositors' money to pay its bills.

He was just parroting a popular anti-"big business", anti-corp, anti-bank talking point & myth ... which always plays well in some circles.

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hawker9000 Platinum Member

hawker9000

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The money that was transferred to Thailand and was spent in the Thai economy was good money, it helps Thai people.

Good pensioner, he helps poor Thai people.

No crime committed according to some.

Yeap, those evil banks should just be fair game. Open season on all banks. Then as long as you spend the money somewhere to " help the locals" you're a hero.

What a load. Go ahead. Tear down & loot all the banks. Let's go ahead and see where that takes us.

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