Financial Control Freak

Claims Examples of Crime

Financial Control Freak

Over several years the financial controller made a series of payments to unknown bank accounts without the knowledge or authority of the insured company. She had manipulated the banking controls by obtaining former employees’ usernames and passwords. She had also gone directly to the bank and agreed with them to amend the existing arrangements to give her sole control over the ability to manage incoming and outgoing payments. The insured company did manage to recover over £300,000 from their bank but the ForeFront Plus policy paid over £1,200,000.