Brother borrowed 20k without consent

Nagme

Just to send big hugs, OP, it's terrible what your family have discovered, and I hope you are all strong enough to pull together and work through this.

My cousin took all the money from our grandmother without anyone knowing, he was supposed to be her carer. It caused a lot of distress but we have been able to move on.

x

NANANINANOONOO

Does anyone have any idea what constitues verified identity proof for bank transactions?

We are trying to establish if bank carried out adequate safety procedures when closing the shares and transferring the money.

Dads bank accounts and the shares are all under the same bank group and my brother is with the same bank as dad. We understand the bank would have had to have sent the shareholders confirmation of seeing verified proof of my dads identity in order to close the shares and ISA, what does/should this procedure entail for the two sums of £10,000 each closed at the same time.
What exactly would/should they have confirmed seeing? Should dad have done this in person?

Does any one on here have any knowledge on this please?

rainbowfairydust

NANANINANOONOO wrote: »

Does anyone have any idea what constitues verified identity proof for bank transactions?

We are trying to establish if bank carried out adequate safety procedures when closing the shares and transferring the money.

Dads bank accounts and the shares are all under the same bank group and my brother is with the same bank as dad. We understand the bank would have had to have sent the shareholders confirmation of seeing verified proof of my dads identity in order to close the shares and ISA, what does/should this procedure entail for the two sums of £10,000 each closed at the same time.
What exactly would/should they have confirmed seeing? Should dad have done this in person?

Does any one on here have any knowledge on this please?

I dont know who your brother/father bank with but i guess that all the banks would have the same checks in place. If you check out this link - there is a PDF (number 7 on the list) with a document showing everything that is required. Dont know if this helps or not? There is also a section on ISA's with more downloads available.

https://www.barclaysstockbrokers.co.uk/ACCOUNTS/FORMS/Pages/default.aspx

JoeBloggs1

NANANINANOONOO wrote: »

Does anyone have any idea what constitues verified identity proof for bank transactions?

We are trying to establish if bank carried out adequate safety procedures when closing the shares and transferring the money.

Dads bank accounts and the shares are all under the same bank group and my brother is with the same bank as dad. We understand the bank would have had to have sent the shareholders confirmation of seeing verified proof of my dads identity in order to close the shares and ISA, what does/should this procedure entail for the two sums of £10,000 each closed at the same time.
What exactly would/should they have confirmed seeing? Should dad have done this in person?

Does any one on here have any knowledge on this please?

Well, under the bank rules, if it was done online, nothing. With Lloyds, you can withdraw £5k at a time without any ID other than your debit card. Above that, a drivers license or passport, but that's for AML (anti money laundering) rather than real verification. I'm fairly sure you don't need anything for if you're just transferring money from one account to the other, as long as you have access to statements and bank details.

kanute50

With Internet Banking you can transfer funds from one account to another, don't know about shares though, but would imagine that the money would have been credited to a nominated account, as is the case with such things as premium bonds.

Since your brother had access to your Dad's bank account via internet banking he could, and did, move money about at will.

gb12345

kanute50 wrote: »

don't know about shares though, but would imagine that the money would have been credited to a nominated account, as is the case with such things as premium bonds.

That's the way it works with the non-bank sharedealing service I use. Sell the shares and the money gets allocated to the cash account with the broker. I can then transfer the cash from that account to the bank account I nominated when I set up my sharedealing account.

If the sharedealing account is with a bank then it is probably even simpler - sell the shares and the money goes straight to the customer's bank account.

NANANINANOONOO

I am so dissapointed today because dad has made his decision to go ahead with actioning the police to interview my brother and he has been waiting for their call to so he can confirm they should go ahead. As they did not ring him as arranged he phoned them this morning only to be told by the appointed officer dealing with it that he is busy with other cases and also moving house so it will be another month before he approaches my brother!

Dad is not expecting everything to happen overnight and has obviously had to make difficult decisions himself but I cannot understand how the authorities expect an 84year old to sit waiting on tenterhooks for a whole month. This is such a difficult journey for my dad, each step to date has been massive for him and the anxiety he will feel waiting for this next chapter is going to be unbearable for him :0(

I know the police are busy and to them my dad may not seem to be under threat but I know his health will decine further as this continues. I dont want to come across as being pushy myself but I know the pressure on me from dad is going to be hard for me to cope with. I cant imagine how old folk cope if they have no-one to lean on!

Meantime I guess my brother remains blissfully under no pressure.

tinkerbell28

Don't mistake their inaction for the police have everything else but your Dad at heart.

I know they can sometimes seem slow, and are.

However I know you've given them evidence etc. But the thing is, they won't just approach your brother and say "oh did you do this"?

It may well be an out and out arrest or at least an interview under caution followed by charges.

When they charge someone they have a very short window, in which they have to proceed, or let him go.

He's committed quite a heavy crime here, we aren't talking a few quid. We also don't know who else he may have done over.

They will go through everything you have given them, see what they are going to go for and make sure if they bring him in, it will stick. Otherwise your Dad won't get justice on a technicality or anyone else he has done over.

Police do have lots more than just one case, and yes they are entitled to annual leave for things like house moves if they want to take it.

I know it's not great for your Dad, but they need time to make it stick.

TTC40

How frustrating. A house move can't be avoided - but alternative resource could be allocated. Can you challenge back on this on the basis of your dad's health?

Sorry if I have missed this, as I know you have said your brother isn't reponding but I'm assuming he is aware of what you & your dad know?

How far apart do you all live? Would it be normal not to see each other?

Have you tried to contact him recently? I believe you said his children had been made aware, has there been more contact with them?

I suppose where I am leading to with these questions is to consider what else could be done (if anything), whilst waiting for the police.

RuthnJasper

NANANINANOONOO wrote: »

I am so dissapointed today because dad has made his decision to go ahead with actioning the police to interview my brother and he has been waiting for their call to so he can confirm they should go ahead. As they did not ring him as arranged he phoned them this morning only to be told by the appointed officer dealing with it that he is busy with other cases and also moving house so it will be another month before he approaches my brother!

Dad is not expecting everything to happen overnight and has obviously had to make difficult decisions himself but I cannot understand how the authorities expect an 84year old to sit waiting on tenterhooks for a whole month. This is such a difficult journey for my dad, each step to date has been massive for him and the anxiety he will feel waiting for this next chapter is going to be unbearable for him :0(

I know the police are busy and to them my dad may not seem to be under threat but I know his health will decine further as this continues. I dont want to come across as being pushy myself but I know the pressure on me from dad is going to be hard for me to cope with. I cant imagine how old folk cope if they have no-one to lean on!

Meantime I guess my brother remains blissfully under no pressure.

Hi OP, I am glad that you have been able to go to the police with this, and you and your father (and your brother's, from the sounds of things, oblivious and now mortified, children) continue to have my heartfelt support. xx

I'm sure someone more knowledgeable will come along soon with better counsel; but I can't believe there isn't some way of appealing against the delay from the police. The fact that the officer is moving house is his own private business - the public shouldn't suffer because of what the officer does in his own time.

Could the Social Services bod intervene? Or perhaps your father's GP could supply a letter that states your father (and YOU!) are genuinely struggling with this and that the repeated delays are having a detrimental effect on your elderly father's health?

Sending you many hugs Nananini. xx