Alleged Fraud & Theft by Permanent TSB from 1958 to 1993

[Digout]

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

[People Korps]

I would be careful publishing that material if I were you and the site. Esp as on one side of the site it list "Conspirators" yawn and I would park this thread in a place no one can see

[Digout]

I would be careful publishing that material if I were you and the site.

Its not my site, I clicked on a google advert on another site.

[People Korps]

Its not my site, I clicked on a google advert on another site.

I would delete the thread if I were you , one mans crusade etc

[disability student]

That was old news as i recall it something like that years ago. So it has reappeared itself again?

[Mod2]

Parking this in off topic members only for the moment until CF has a look.

[C. Flower]

I've taken a look at the site and it appears to show judgements have been made against TSB. We do not take responsibility for the contents of any third party sites.

[Mod2]

Two judgement re one client with no background given. I would thread cautiously.

[devrajan]

A Chara

Thie is Srinivasan Devrajan, the common informer who grassed on Permanent TSB, after the then Director of Consumer Affairs, William Fagan ( An Officer of the State with a very apt name to protect consumers from fraud ) refused to prosecute TSB Bank.

Please read the homepage of http://www.windlestopsswindle.com re the modus operandi of the theft and fraud.

TSB Bank lured depositors by offering significantly higher interest rates on deposits than AIB, bank of Ireland, Ulster Bank and Northern Bank. Having lured them with these high interest rates, it tricked them by not disclosing in the application for for the accounts that interest is paid on the lowest monthly balance, not on the daily balance.

Judge Windle stopped the swindle on 17 Feb 1993, when TSB was convicted of advertising in "The Irish Times" dated 5 June 1991 interest rates of 3.5% pa and 8.00% pa, when the true rate was 3.208% pa and 7.333% pa. ( pardon the rhyme ). Please click here and here for the convictions and fines

TSB bank thus defrauded most depositors between 1958 and 21 Feb 1993.

Significantly, the trustees and employees of TSB helped themselves to the full advertised rate. The affidavit of Joseph Doyle, Customer Services may be viewed by clicking here

Details of ************************ are on the above site

Cheers!

Srinivasan Devrajan

[C. Flower]

Confirmed by the Business Post back in 2003. There was a European Case - but very little on this on the internet.

http://archives.tcm.ie/businesspost/...y927618499.asp

A few Mr. Devrajan's would not go amiss in the Regulator's office.

Extraordinary how wary we are of upsetting the institutions, when customers were ripped off for hundreds of millions.

[jimmymalone]

A Chara

Thie is Srinivasan Devrajan, the common informer who grassed on Permanent TSB, after the then Director of Consumer Affairs, William Fagan ( An Officer of the State with a very apt name to protect consumers from fraud ) refused to prosecute TSB Bank.

Please read the homepage of http://www.windlestopsswindle.com re the modus operandi of the theft and fraud.

TSB Bank lured depositors by offering significantly higher interest rates on deposits than AIB, bank of Ireland, Ulster Bank and Northern Bank. Having lured them with these high interest rates, it tricked them by not disclosing in the application for for the accounts that interest is paid on the lowest monthly balance, not on the daily balance.

Judge Windle stopped the swindle on 17 Feb 1993, when TSB was convicted of advertising in "The Irish Times" dated 5 June 1991 interest rates of 3.5% pa and 8.00% pa, when the true rate was 3.208% pa and 7.333% pa. ( pardon the rhyme ). Please click here and here for the convictions and fines

TSB bank thus defrauded most depositors between 1958 and 21 Feb 1993.
Significantly, the trustees and employees of TSB helped themselves to the full advertised rate. The affidavit of Joseph Doyle, Customer Services may be viewed by clicking here

Details of ************************ are on the above site

Cheers!

Srinivasan Devrajan

Has anyone succesfully pursued Permanent TSB for money owed to them during this period? Would compound interest have to be applied to the money that customers lost? Did Permanent TSB ever write to their customers about this? Well done for pursuing this matter.

[devrajan]

Jimmy

A Chara!

Central Bank of Ireland was aware of the fraud, 3 years before Windle stopped the swindle.

Central Bank knew that TSB was advertising Compound Annual Rate 1/12th higher than in fact paid, (save on the 21st day of any month) in breach of Trustee Savings Banks Act 1989 section 27 (1), as is evident from the letter of Dr. Michael Casey, Senior Adviser, Central Bank dated 6 March 1990 to TSB Dublin and Cork & Limerick Savings Bank

Quote ... "While we understand that the TSBs' traditional method of crediting interest to deposits might lead to some difficulties with expressing annual interest rates, we feel that these should not be insurmountable"...Unquote.

This is a subtle reference to the fact that the advertised annual interest rates were fraudulent, save on the 21st day of any month.

Thus, Central Bank of Ireland conspired in the fraud on most depositors by TSB Bank from 1958 to 20 February 1993

May the Good Lord help us from "financial Regulators" like Central Bank of Ireland

Cheers

Srinivasan Devrajan

[C. Flower]

Jimmy

A Chara!

Central Bank of Ireland was aware of the fraud, 3 years before Windle stopped the swindle.

Central Bank knew that TSB was advertising Compound Annual Rate 1/12th higher than in fact paid, (save on the 21st day of any month) in breach of Trustee Savings Banks Act 1989 section 27 (1), as is evident from the letter of Dr. Michael Casey, Senior Adviser, Central Bank dated 6 March 1990 to TSB Dublin and Cork & Limerick Savings Bank

Quote ... "While we understand that the TSBs' traditional method of crediting interest to deposits might lead to some difficulties with expressing annual interest rates, we feel that these should not be insurmountable"...Unquote.

This is a subtle reference to the fact that the advertised annual interest rates were fraudulent, save on the 21st day of any month.

Thus, Central Bank of Ireland conspired in the fraud on most depositors by TSB Bank from 1958 to 20 February 1993

May the Good Lord help us from "financial Regulators" like Central Bank of Ireland

Cheers

Srinivasan Devrajan

Was the money repaid to the depositors ?

[devrajan]

Hi, Jimmy

The monies defrauded from most depositors has not been repaid. In fact, the Minister for Finance benefited from the fraud, when he sold the bank in 2001 to Irish Life & Permanent.

The Minister for Finance is guilty of receiving stolen monies and is a "fence"

There are many other government agencies conspiring in the sting:

1. Director of Consumer Affairs, William Fagan to whom I complained in January 1991. Fagan ( what an apt name) did nothing. TSB lied to him that all depositors were, are and will be paid interest on the lowest monthly balance. In fact, the bank has 2 sets of depositors:

a. a vast majority who have been defrauded.

b. a small minority which includes the trustees and employees of TSB who have received the full advertised interest.

2. After Judge Windle stopped the swindle, pardon the rhymye, the learned District Court Judge James Paul McDonnell refused an application by me to sign a summons against the Trustees of TSB for breaches of the Larceny Act 1916 s21 ( larceny by trustees), Consumer Information Act 1978 s.8 and Trustee Savings Banks Act section 27(1). The Right Honourable Judge McDonnell was of the expert and considered opinion that I am abusing the legal process.

The Right Honourable Judge McDonnell was aware of the convictions & fines imposed by the wise Judge Desmond Windle.

Thus, the learned Judge McDonnell has sullied the distinguished tradition of impartiality in Brehon law and made a laughing stock of himself.

3. In 2000, the Right Honourable Justice Paul Butler dismissed the claim of Alfie Smyth against TSB on the spurious grounds that the sum of money he was claiming, about £8.80 was "too small' to be heard in the High Court.

The learned Judge very conveniently ignored the minor detail that the High Court has original jurisdiction to hear claims of any amount.

The ****** also dismissed the claim of Geraldine Kelly, despite evidence from Devrajan that the Trustees, Servants and Agenst of TSB Dublin were fraudulently enriched with daily interest.

Justice Butler thus perverted the course of justice and has made a laughing stock of himself

There are other players in the scam, which I will post about tomorrow.

Cheers

Srinivasan Devrajan

[C. Flower]

Is there not a Financial Services Ombudsman, Devrajan ?