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HSBC foils '£70m fraud'

An HSBC worker has been charged after police were called in to investigate an alleged attempt to defraud the bank out of a whopping £70m. City of London police have charged Jagmeet Channa, a 25-year-old from Ilford in Essex, with conspiracy to defraud, money laundering, and abusing a position of trust. Three other men have been …

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No money lost?

The this alleged fraud must actually have been an alleged attempted fraud, mustn't it? Allegedly?

Stop

@ Thad

No. If the instruments were in place in commit the fraud then it is alleged fraud. All systems are protected by the standard caveat when logging in; therefore placing something on these systems specifically to undermine the integrity of the system is fraudulent.

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