Cops hunt bank fraudster

| 02/10/2012

3625653.jpg(CNS): According to a circular released by the RCIPS, officers from the Financial Crimes Unit are conducting an investigation into the alleged misappropriation of mortgage commitment fees from the Scotia Bank and Trust Cayman Limited that has directly affected a number of police officers. In a message from the FCU to police and civilian staff, the FCU reveals that as the investigation progressed into “complexities of this internal bank fraud”, investigators found that many of the potential victims of this fraud were police officers.

No arrests have been made in the case but, according to the internal circular, the police appear to be looking for Ilsa Archibold, who CNS understands has already left the jurisdiction. On Monday evening Cayman27 reported that Scotiabank had released a statement regarding the investigation.

“We are taking this situation very seriously and our preliminary assessment indicates that no Scotiabank mortgages were affected by this incident,” the bank said. “We have notified the police and are working cooperatively with them during their investigation. We hold employees to extremely high standards and do not tolerate any actions that do not meet those standards – at the hint of wrongdoing we take swift and decisive action.”

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Category: Crime

Comments (84)

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  1. Anonymous says:

    Coming from a place that is letting go quite a few staff due to "performance" or requesting "resignations".  They do seem to have their focus in all the wrong areas.

  2. Anonymous says:

    The bank goes through internal and external audits periodically, as well as has a "competent" HR manager and a "competent" Compliance Manager.  All of these people should monitor employees as well as external threats.  It shows the incompetence of these staff as this is not the first high value internal theft they have experienced.  There was a recent case in court early this year with two staff members which stated it was over a 3 year period.  Those "senior" managers are senior alright.  They should be retired and fired!  Throw the internal and external auditors under the bus with them!

    CIMA should put them on close watch now that this information is public and not some "dirty little secret" Scotia locked up in the closet.  Scotia's internal controls seem to be the worst of all the banks on island.  Two internal thefts of high monetary value revealed in one year.  Makes you think that there may be quite a few more lurking around waiting to be discovered. 

  3. Anonymous says:

    Blogger 16:16 I feel your passion, as I too knew Ilsa.   if she was sick, perhaps she should had told her Employers so.  If she was honest, perhaps she should deny her involvement to her employers and prove it. Perhaps if she is honest, she should let her whereabouts be known and if she is innocent, perhaps she should come back to Cayman and face the music…jush saying, perhaps!  You see in the eyes of public opinion, you are guilty by your actions, before proven innocent.  In the court of Law, you are innocent until proven guilty. Even then, you can be guilty, but if the evidence is not presented then you can be proven innocent, same speed. Perhaps!

  4. Anonymous says:

    GREAT peopletalk about IDEAS

    Average people talk about Things

    small people talk about… OTHER PEOPLE

    Just think about it 😉

  5. Anonymous says:

    all of you guys are soooooooooooooooo ignorant… and foolish to just go by on what rumours are saying…. really??? come on people how undevolped is cayman really?

    to accuse someone of doing a fraud, just because you heard this and that…. she got that possition beacause non-of you ignorant caymannians can do it… and shes really smart ever stop and think about that instead of accusing someone like your the police…

    why is the bank and the police contradicting themselves for ??? first the article states that, "no scotia bank customers were affected by this" and yet again they are saying police officers were?? so a police is not a customer and yet again if they are accusing this lovely lady of such crime which i think its popostrarous. i dont think non of you should be posting any this shit… its none of your business and it doesnt concern you simple.

    ever stop and think the lady might be sick or something she had to go away… not running.?  if she has a house or whatever in whatever place you guys want to talk, dont you think she gets a salary? i've never seen her drinking or aanything of that matter… maybe how she got what she has is through REAL hard work and actually SAVE her money, something of which i dont think any of you can do… eccept the really cheap people.

    i think none of you should judge  "the book" by its cover… you should open it and really find out whats going on…

    XXXXX

    please just stop talking or better yet… stop spreading rumours on her when you are oblibious to the facts, because if she is, and she will be found not guilty, all your rumours were spread for no reason.. other than to hurt her loved ones.

    • Anonymous says:

      Ilsa…is that you? Please turn yourself in to the Popo's. Thx

      • Anonymous says:

        youare so mean!!!!! she never stole that money you idiot!!! you are so fool!!!

        sincerly,

        the person that does not like you !!!!

    • Anonymous says:

      LMAO at all your spelling and grammatical errors in defense of this smart, innocent, hard working woman who's great at saving her money!

       

      To list a few of your errors:

      eccept – except

      oblibious – oblivious

      popostrarous – preposterous

       

      Regards,

       

      Ignorant Caymanian

       

       

       

       

  6. Anonymous says:

    Why don't you all find something better to do with your time than to get into other people business it hasn't even been proven that she's done this crime!!!! If you were put in the situation that you were being accused of something that you didn't do wth would you do??? I think that's whats so wrong with this island now… everyone has something to say about everything… no1 actually takes the time to find out the truth… they just assume.. and assuming makes a ASS-out of- U-&-ME… In my opinion I think you all are ignorant!! and lack empathy because its very obvious that she has family here….if the shoe was on your foot you would think twice.

  7. Anonymous says:

    Well I consider myself an educated Honduran, and yes I am married to a Caymanian, and I have a lot of respect for the Caymanians seeing as my Grandparents were from here. I do not know exactly what this woman did, but if the news reports are accurate then yes she should face the music as they say. However I do not know how effective the Police is with extraditing people from Honduras but i do know of an inccedent where a girl was sitting in a vehicle in West Bay with a young man who was shot and killed this girl was allowed to leave the Country and go to La Ceiba where she is now living I do not see the Police trying to get her back her??? Anyway in defence of "Mis Paisanos" we have quite a few educated Hondurans.

  8. Anonymous says:

    it's amazing that there are no comments on the article about Michael Ryan taking hundreds of millions…..

  9. Anonymous says:

    Yes anon 12:20 and the foreign nationals are grant bail to leave this jurisdiction to never return these shores. Give it a rest bro

  10. Cayman Born says:

    Wow and I had a meeting scheduled with Scotia for a loan as I am looking to buy a home. Nevermind… CNB or RBC or Butterfield here I come…. After all these comments I am scared to look at Scotia in fear they charge me

    • Anonymous says:

      You should be scared. I pay out my a$$ every year to them in fees.

  11. Anonymous says:

    I heard that the way that a Loan Officer steals is by letting you pay a higher charge than what you really should. Amazing!!!!

  12. Anonymous says:

    Does this mean that there is an opening for a honest,hardworking Caymanian to fill the position?

    • Anonymous says:

      of course…but it make take a while to fill that position……….

  13. Anonymous says:

    I don't know anything about this woman, except that she deserves due process.  It's what separates civilized people from animals.  So far no arrests, and no charges, but armchair critics have all but convicted this person and are using this as a pulpit to air their bigotry.  CNS should not be used as a tool to spread intolerence and racism. 

    • Anonymous says:

      I agree entirely, perhaps you can try and talk some sense into her and get her to return for a trial in courts. Our court system is one of best in the world.

    • Anonymous says:

      It appears she is the one who doesn't want "due process". You obviously cannot arrest someone who has absconded from jurisdiction to a country without an extradition treaty.  

  14. Anonymous says:

    CNS Armchair Detectives crack me up

    • Shaggy says:

      They all got excellent qualfications by watching CSI and Law and Order.  I, on the other hand, learned everything I know about crimefighting from Scooby Doo.  I therefore suspect that alleged criminal was only posing as a teller and was in fact the elderly male owner of the business wearing a mask.  He would have got away with it too, if it was not for those pesky kids.

  15. Anonymous says:

    She isn't the only one there stealing.  I keep getting charges on my credit card that i havent made.  I have been through more cards with them than payments on the cards.  their response is always that i must have used the card in an atm somewhere in the states that a fraudster was in charge of.  what a bunch of jokers too bad she couldn't load that bank on a barge and tow itto honduras with her.

     

    Scotia suck their systems suck and their employees suck.  all untrained and unprofessional.

    • Anonymous says:

      Go with CNB.  They put a hold on my card for $10.00.  lol!  I'm not complaining though as they check everything and will call you before they put through a transaction.

      • Anonymous says:

        But they charge $1.00 for every CNB cheque they cash. Persons paying bills by CNB cheques may be a dollar short.

        • Anonymous says:

          Well, instead of stuffing your money under your mattress or sending it home to Jamaica, Hondurus, wherever, open an account, simple.

          • Anonymous says:

            I think you must have posted this under the wrong post since it has nothing to do with my post re cheque cashing.  

      • Anonymous says:

        yeahhh that's what i thought. then there were two fraudulent expenses on my card amounting to over $1,000, which I didn't notice until I checked my balance after withdrawing money.  Some guy with the same last name overseas keying in my number didn't trigger the red flag…  Fees are also pretty ridiculous but it's the norm on-island so we all have to suck it up!

        Ahh…the perks of living in a banking territory…. (?)

  16. Anonymous says:

    The solution is simple to apprehend Ms. Archibold. This constitutes a felonious crime, simply see it is reported to Interpol, when they distribute it within their network it will come up as a flag with U.S. border control. Next time she flies to Miami for some shopping…Presto, a little surprise at the immigration checkpoint. She will have to live from this day forward with this little worry always in the background, never being able to travel to the U.S.

    • Anonymous says:

      You think flying to the US is a big thing? Plenty places she can go to avoiding the US.

  17. Devil's Advocate says:

     Maybe in this case the Police will actually do their job properly, efficiently and timely seeing that some of the same useless door-stops are directly affected (victims) in this case.

     And while I do feel sorry for those (seemingly) innocent victims of this crime, may I advise them ALL to please take note that since she (the perpetrator) was acting in her position as an Agent of the Bank, the responsibility for the theft from them is that of the Bank, and it is therefore the Bank that is responsibe to renumerate them their monies.

     The BANK must make restitution to the clients who have been affected by the actions of THEIR Authorised Agent, who's actions were undertaken within the walls of the said institution. 

     There is only ONE real victim in this crime, The BANK. It is therefore The Bank that must seek to recover those funds from the perpetrator.

     As for this particular Bank, I say that this couldn't have happened to a more deserving institution.

    • Anonymous says:

      Scotiabank VICTIM?? Their customers are they true victims as we get victimized every month by their ludicrous fees.

    • Anonymous says:

      Your last line is a classic…100% agree witcha on that part!!

  18. Anonymous says:

    My advice to all businesses, next time you hire someone, hire a born Caymanian. That way, if a crime is committed, you can find them, right here in Cayman, as they have no where to run. simple!!

    • Anonymous says:

      Hello? RCIP can't find daytime robbers much less the ones who steal right under their noses for YEARS!

    • Anonymous says:

      is this a joke?  At least Ilsa Archibold would have been reported and prosecuted.  We have a a long history in Cayman of a hand full of Caymanians whomove from job to job and steal! they never get prosecuted as they never get reported and when they apply for jobs, immigration boards insist that you have to interview them because they are a 'qualified Caymanian' looking for a job.  That happens all the time folks and thats a fact.  This is not all Caymanians but unfortunately we do have a few bad ones that do the rounds.  They need to be reported and prosecuted. 

    • Richard says:

      Little do you know, there are lots of caymanians on the run in Honduras and jamaica.

      So stop being a racist.

  19. Anonymous says:

    What the hell I dont understand is that when a Caymanian applies for a job they are told that their application is on file. But because they have alittle straight hair and God knows no education they qualifies. Recently I was told that this same lady was the person responsible for the hiring , and that was the reason why so many Hondurans was being employed at Scotia Bank. Now while we are at the subject the lines can be so long and simple transactions are so difficult. Caymanians do go to School longer than age 12 and should be given priority over anyone else.It is most disgusting to see their friends hanging around the Banks and the chewing up of that language SPANISH. There are so many business places now with even receptionist abusing that language. Those that employ them cant speak spanish so what do you expect? By all means they are employing uneducated people. Not because they are married to Caymanians that that should Qualify them for a job. This is the trend of the good ole Cayman now a day, God Almighty help us.

    • Anonymous says:

      Awww don't be upset because you probably applied and didn't get the job. Maybe if you stopped being so ignorant you would get somewhere. But by the looks of it, the only place you should be going is to seek counseling for your obvious insecurities. What would you have said if the person spoke another language? It seems to me you have a personal dislike to spanish people. And what makes you think that all spanish people are uneducated? I'm sure she probably had more degrees than you will ever even dream of. 

    • Huh? says:

      You are nothing more than an ignorant racist, an embarassment to this country.

    • Anonymous says:

      what an ignorant comment considering not all Honduran people are uneducated and go to school for longer than 12 years old… u sound like the uneducated one … GET INFORMED before u talk and blame all for a few

    • Anonymous says:

      and what you have written is an example of well spoken english? wowzers….

    • Anonymous says:

      I have an MBA. That's why I thought I got my job. BUT HEY! Turns out it must be because I have a lil straight hair too and I can speak Spanish!  Nice! Lemme tell more of my friends back home……

      Ya joker!!!

      • Anonymous says:

        Could be. I think there are unemployed MBAs who don't have 'lil straight hair and can speak Spanish'.  

        Well you clearly intended it to be humorous, recruiting your friends back home is actually how it works.

  20. Anonymous says:

    It has been said that Mrs. Archibold is back home in Honduras. She last communicated with me regarding my mortgage at the beginning of August. So she left between mid-August to beginning of September.

    Mind you, Honduras is NOT a participant of the Hague Convention. This signifies that Honduras is not required to extradite anyone to any juristiction. Betcha Mrs. Archibold knew that very well.

    I'd like to know who the auditors for ScotiaBank are, that it took so long to find out what was going on. Either the auditors are incompetent or Mrs. Archibold was very very clever in concealing the fraud.

    When I was contacted by Mr.s Archobold at the beginning of August, it was to advise me that if I changed anything regarding my loan (our house is not built yet), the bank would have to re-do the mortagage application, and the bank has changed their policies so that NOW, NO CASH BACK is accepted by the bank from any builder.  She advised me of this via e-mail.

    Interesting…… 

  21. Righteus says:

    YEAH SAH, this woman was on my flight to Honduras a few weeks ago. What I cant understand is how in the world they didnt report her to the police when they let her go from the bank?  this floors me….Government its time to negotiate a Repatriation Treaty with Honduras otherwise this is going to become a growing problem.

    • Anonymous says:

      The Banks are filled to capacity with expats.  Good job Ilsa, have fun.

    • Anonymous says:

      Hopefully Scotia contacted FCU the moment they became suspicious that she was guilty of a crimal offence and didnt end up giving her an opportunity to get away with the proceeds of her crime. Otherwise FCU might end up investigating Scotia as to how they’ve conducted their own affairs, especially if FCU police lost some of their money in the crime. Just saying!

    • Anonymous says:

       

       
       
    • Will Ya Listen! says:

      Banks are reluctant to report theft since it reflects badly on them. Some years ago one large Bank just covered up a theft as if it didn't happen which allowed the culprit to get employment and do it again with a second bank. They would rather take the hit than face the public – it's bad for business.

      As far as the Auditors are concerned …….

      Why did the Auditor cross the Road? To look in the file and see what he did last year……….Calling CDJ. Calling CDJ please train some of these innocents.

      • Anonymous says:

        Well if she's being doing this for years a review of last year might have been all that was needed. 

    • C'mon Son says:

      How was your trip to Honduras?

       

      :3

  22. Anonymous says:

    Mess with CNS! lol  The are the only ones that have published her name so far.  Good job!

  23. Anonymous says:

    A bit late now looking for the culprit, given they've left the jurisdiction.  Hopefully Scotia will do the noble thing and credit any persons mortgage accounts with any dodgy looking fees that have been historically debited.

    I don't understand why and how this sort of blunder is allowed, its unfortunately becomming a more popular thing in the world.

  24. Anonymous says:

    Has anyone else noticed how Scotiabank will charge you $20 overdraft fee if they put through their back dated fees and overdraw your "SAVINGS" account by 10 cents?? Trust me this bank has soooooo many issues..this was just the icing on the cake!

  25. Anonymous says:

    not surprised…their mortgage dept is a shambles….

  26. Rorschach says:

    Hahaaaa…"already left the jurisdiction"…bet that won't stop them this time…I would lay money down..IF it weren't illegal, that the RCIPS will chase this girl to the ends of the earth to hunt her down and "Bring her to justice"…anybody else have a problem with somebody who "already left the jurisdition" and you're SOL..but now she messed with the "boys"…there will be no stone left unturned..they will do a full target search of every gas station, residence, warehouse, farmhouse, henhouse, outhouse, and doghouse until they find PUBLIC ENEMY No. 1..Bank Robberies?  Burglaries?  Assaults? Rapes?  We a'int got no time for that…we need our MONEY BACK!!

    • Anonymous says:

      And Mr Raschash please tell me why the police should not hunt her down?  Yes you tell me.

      • Rorschach says:

        Guess you must be one of those "illiterate" police officers the CoP must be so proud of…youcouldn't even spell my name right…IF you had bothered to actually take a few minutes to comprehend what I wrote instead of shooting your keyboard off, you would actually realise that at no time did I say or imply that the police should NOT go after her.  Instead, what i actually said, was that in a lot of cases, where people make a complaint, "already left the jurisdiction" is a nice little phrase the RCIPS use when they can't be bothered to actually do any work to catch someone and the poor victim is often left out of luck…in this case however, if merely looked at the fact that since some of the victims here are Police officers themselves, they will not let the fact that the accused "left the jurisdiction" be a reason to sit down and do nothing…there now…does that help you understand a little better??  Hmmm???

    • Anonymous says:

      They can try to bring her back from whereever she is, but if she ran home to honduras, they are outta luck because Honduras is not required to extradite anyone since they are not a member country of the Hague Convention.

      Good job ScotiaBank…now I have to go take a look at my mortgage account for the past 3 years to see if anything's been skimmed off that!

  27. Anonymous says:

    You miss one payment at Scotia Bank and they come looking for you but this just takes the  cake!!!  Fire them AUDITORS!!!!

     

    We all worry about them bank robbers but they stealing more from the inside!

  28. Anonymous says:

    It should be a crime for the bank to state that "that no Scotiabank mortgages were affected by this incident" when the person they are looking for was a loans officer responsible for issuance of mortgages???  All mortgage holders should demand an independent audit of their mortgage accounts and hold the bank financially responsible for any irregularties in their mortgage balances especially those issued by the officer who has fled the jurisdiction!!

  29. Anonymous says:

    ohh no mortgages were affected, how about those credit card holders that were affected by the fraud? From what I hear, I was not the only one affected.

  30. Anonymous says:

    How interesting!  Would be curious to know just how long this fraud was going on at Scotiabank before it went undetected and how much money she managed to run off with.  Sounds like she might have got more than the guys that actually held them up at gun point!  Also have to question how she managed to run off so quickly before being held by the police.

    • Anonymous says:

      Well according to rumors…what she made off with could buy a few homes in Honduras and pay for some security!

    • Anonymous says:

      Did the RCIPS put out an BOLO for her?  I don't think so.  These incidents happens in favour of certain people.  It seems she was very chummie with the Police.  Her husband said she was in the rental business and was finding places for the new police recruits and other people who were new comers.  She sure had a high paying job.  What a joke!

  31. Anonymous says:

    This is happening far too often – stealing from banks, stealing from clients funds…. All in the name of greed and not willing to work to get what they want.

    It is time these thieves are given the maximum jail sentence and not just a slap on the wrist. Make an example of them. Are you listening FCU?

    • Anonymous says:

      Sigh. It’s the judge that sentences, not FCU.

      • Anonymous says:

        I am aware of that. BUT it’s the FCU’s job to make the case for the judge. Am I not correct?

  32. Anonymous says:

    I wonder how the hell she could be doing whatever she was doing for years "as rumored" and no1 caught on to it? If you ask me she may have had an accomplice.

  33. Anonymous says:

    Just checked LinkedIn Mr. RCIPS, you can easily see where this person is currently working, oh and who they are associated with in the Cayman Islands who also could give you direct whereabouts.

    • Anonymous says:

      She have a friend that works at Credit Union, her and that friend can pass for sister maybe she knows where she can be located.

      She used to promised people the world, when they went to her for a mortgage and then three to four days later she would email them that the mortgage was declined and that your paperwork is at the front desk waiting on them.

      However when you go to collect the paper work, you discover that some of the paper work is missing and when you email her back saying that you will go to her supervisor she will reply no need to cause she has followed the email onto her suppervisor.

      So now RCIP Crime Unit you was given some good information in the beginning so the next step is go to speak to the friend at Credit Union.