HSBC banker dodged £5,900 in train fares using ticket scam
https://www.dailymail.co.uk/news/article-15567931/ex-HSBC-banker-dodged-train-fares-ticket-scam-journeys-banned-railway.html
Posted by weregonnamakit
HSBC banker dodged £5,900 in train fares using ticket scam
https://www.dailymail.co.uk/news/article-15567931/ex-HSBC-banker-dodged-train-fares-ticket-scam-journeys-banned-railway.html
Posted by weregonnamakit
32 Comments
Very stupid because he’ll also get struck off by the FCA
“Under stress”…. It’s amazing how I’ve handled stress without deliberately working out how to commit fraud
Should I get a medal or something?
That’s terrible!
Tell me more about this scam though, for research
*..after the hearing he changed his clothes and vaulted a wall in an apparent attempt to avoid photographers*
Alan Partridge moment right there.
In addition to the doughnutting:
> The banker used false names and addresses to buy two key smartcards on which train tickets were uploaded between October 2023 and September 2024. He also obtained Jobcentre Plus discounts that gave 50 per cent off ticket prices.
I think the biggest scam here is trains costing that in the 1st place
The only time in history I’ve agreed with a banker.
Dodged 6k judge says pay back 5k. Our legal system is not fit for purpose
Why would he take 740 trips into work in less than a year? Also an annual season ticket from Orpington isn’t 6 grand is it?
Hardly a “sophisticated” exploit lol
Also,
> Companies are now testing GPS technology to help clamp down on ‘doughnutting’.
Are they talking about embedding gps chips into tickets and oyster cards and the like?
What a scumbag. And the sentence, wow,-he should have had to pay several times the fraud in fines, and gone to jail. Time to start making financial punishment for crimes appropriate for the wealth level of the perpetrator.
Bigger disgrace is they actually contemplated jailing him over this 😅
It was not disclosed how he was caught- means he was boasting about how he’s smarter than the system and someone took umbrage and grassed him up. 💯
The real scam is the fact that he could save £6000 on train fares. Fare dodging on trains is one of the few crimes I can get behind. The cost of trains is obscene. Sadly it’s a lot harder to manage it now with the advent of accounts for tickets and the barriers having software that pings if you reuse open return tickets.
What happened when ticket inspectors checked on the train?
There are two crimes here.
Firstly his for cheating the system and traveling without a valid ticket.
The second is the absolutely disgusting cost of train travel in the UK.
It is high time the railways were nationalised again and instead of syphoning off money to foreign owners the profits are put back into the system to improve standards and lower prices. And yes he should be prosecuted for not paying regardless of the cost or how much he earns.
It’s completely wrong to do this obviously, but my 1hr train to London, that’s usually late both ends, old and a bit shit, loud usually and over capacity, is £51, £34 with a railcard (which I soon won’t be able to get). It’s truly pathetic and I’m not shocked people do shit like this as a result.
Got the value of his house in the second paragraph. Never change, Daily Mail
I always think – would I do something like this? I pondered for a bit and realised no. It’s the sheer arrogance of not just dodging one way by not purchasing tickets for the full journey, but dodging two ways, using a fraudulent job centre card to discount. Madness
given someone got caught a few years back doing exactly the same thing you would have thought he would have been aware that while he was getting away with it, the systems were gathering the evidence against him?
“After the hearing he changed his clothes and vaulted a wall in an apparent attempt to avoid photographers.”
Yeah sounds like he learned his lesson, clearly full of remorse.
Did I read that correctly? Someone in a position of power has been given a 10 month prison sentence?
We all deal with stress… Most people don’t break the law.
They said his fraud was against a large private company but whose rail fare is making up the shortfall?
For anyone outside of the UK curious about price, £5,900 is the cost of a single off peak no return ticket to LDN Paddington
He was under so much stress from the death of his mother that he
worked out an elaborate scheme involving multiple levels of fraud to cope with the bereavement.
Well they get so used to fudging the system with no consequences they think they can do it outside of the financial world as well 🤔
Completely morally justified. Even better that he could afford it anyway.
740 times in 11 months?! Was his day job just commuting all day?
“After the hearing he changed his clothes and vaulted a wall in an apparent attempt to avoid photographers”
Hinting that his next tactic is to jump the barriers.
So if we would be smart – you would waive his sentence and get him to instead tell you all and asap close all the loop holes so this doesn’t happen again.
Seeing as Southeastern stations on that route have no ticket barriers and RP officers barely ever check the route, there were so many easier ways this guy could “doughnut” the system, getting a Job Centre discount on top was really taking the piss. As a banker he could’ve just paid the fare and still be 10000x more comfortable than a lot of us.