Scottish banker jailed for £21M RBS fraud

Risk staff
01 Jul 2006

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Regulation

The fraud took place between April 1999 and March 2004, while MacKenzie was employed in the bank's branch in Princes Street, Edinburgh. The fraud was discovered when the bank introduced a new computer system in 2004, but it crashed and the fault was found to be the result of the data that MacKenzie had entered.

MacKenzie, who had set up some 1,200 false accounts, was said to be operating a "bank within a bank".

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