My Company Was Scammed/Quick Question!

[JTIZZLEVILLE]

So I got to work today to find out that one of my company's top financial accountants has been stealing tiny bits of money and transferring them to bogus accounts in excess of two years.j

Something straight out of the movies.

Anyway, the owner got a call yesterday by the bank, stating that a large sum of our money (i.e. everything) was transferred to another bogus account.

This chick has been arrested, but she basically wiped us clean to the point where we have already been told that we may go under because of it.

My question is, if the bank knew that a lot of money was suddenly transferred out of our account into a bogus account, why didn't they simply stop the transaction? I've heard of this stuff before where a bank basically knows what is happening but sits back to let the owners of the business sort it out themselves.

 

[cerealkiller182]

I guess its not technically their responsibility. They have millions of transactions a day. They must only have seen the large transaction. Thats why these scammers usually do small scale transactions. And since it was your accountant who was probably permited to use the account, so its not too out of the ordinary.

But im not a banking specialist so i really dont know

 

[JTIZZLEVILLE]

Yeah, but if the company goes under then the bank is essentially losing one of their biggest clients.

It's as much of a loss to them as it is to us.

 

[hammy]

If it just happened, why can't you just get the money back from her. It's not like she had time to spend it.

 

[The Spawn]

Not the large sum anyway....

 

[JTIZZLEVILLE]

That's what I'm wondering. It really doesn't make sense to me.

There's got to be some legal stipulation causing the confusion.

 

[The Spawn]

Was it Bank of America?

http://consumerist.com/consumer/com...ntity-and-rob-her-safe-deposit-box-254616.php

 

[cerealkiller182]

if she made it to a non extradition (sp?) country theres not much the legal system can do.