RBS Bankers Guilty of £3m Fraud Walk Free, Judge Says They've 'Suffered' Enough
RBS Bankers Guilty of £3m Fraud Walk Free, Judge Says They've 'Suffered' Enough
By Scriptonite Daily / scriptonitedaily.com
Dec 3, 2014

Two RBS bankers found guilty of a property fraud worth £3m are walking away without jail time because the judge believes they have already “suffered” as they were “embarrassed” by the incident.

Despite pulling in salaries of over £100,000 a year each, the two RBS bankers decided they’d treat the RBS mortgage portfolio like their own personal piggy bank.  Raymond Pask and Andrew Ratnage set up a string of fake companies in the names of Pask’s relatives, which they used to apply for mortgages.  The pair would use the money to buy and renovate homes in order to sell them for a profit.  Over a period of five years, they swindled more than £3 million – buying properties in London, Essex and Kent.

The case has taken four years to come to court, giving the men time to payback their loans.  Judge Rebecca Poulet QC said, along with the embarrassment they have expressed, this is punishment enough:

“I have no doubt that both of you have suffered in the time it has taken this case to come to court.”

You were in effect greedy. You were acting in a breach of trust. It was sophisticated and sustained and to an extent involved others – the nominees of the companies.

“The public must be discomforted by hearing the details of your criminal conduct. But it did not involve loss to your employers and the actual risk was at least limited.

“You have expressed shame and embarrassment at what you have done – as well you might.”

Ratnage received a 20-month sentence suspended for two years and 300 hours community service, while Pask was given an 18-month suspended sentence and 250 hours of community service.

Factors the Judge appeared to take into account included:

  • Pask’s marriage collapsed when his crimes were uncovered.
  • Ratnage has suffered from poor health including diabetes.
  • Pask had his pension pot reduced to £120,000 – he claims this makes him “financially ruined”.

While able to render such compassion to privileged bankers who looked to fleece their own company to line their pockets – our poorest citizens get no such consideration.

Pete Woodcock – this Scunthorpe man received a 40% cut in benefits after he was diagnosed with cancer, leaving him in serious financial distress during his battle with a disease that killed his father and brother.  To add insult the injury, the DWP told him that he could return to his previous level of benefits, provided he gave up treatment and complied with the Jobseeker’s programme.

Linda Wootton, 49, was on 10 medications a day after a double lung and heart transplant.  She was weak and suffered regular bouts of blackouts.  She was put through the Atos Work Capability Assessment and as she lay in a hospital bed dying, she received confirmation she was ‘fit to work’.  She died just nine days later.  Her husband Peter said:

“I sat there and listened to my wife drown in her own bodily fluids. It took half an hour for her to die; a woman who is apparently fit for work”.

Brian McArdle, 57, had been left paralysed down one side, blind in one eye, unable to speak properly and barely able to eat and dress himself after a stroke on Boxing Day 2011. Despite this, he was deemed ‘fit to work’ by Atos.  He died of a heart attack the day after his benefit payments were stopped.  His thirteen year old son Kieran told the Daily Record:

“Even though my dad had another stroke just days before his assessment, he was determined to go…He tried his best to walk and talk because he was a very proud man, but even an idiot could have seen my dad wasn’t fit for work.

Colin Traynor, 29, suffered from epilepsy.  He was deemed ‘fit for work’ by Atos and forced to enter a lengthy, bureaucratic process to appeal the decision – during which his benefits would be frozen.  He did not live to see the result of his appeal.  Five weeks after his death, his family received the news that his appeal was successful.  Too late for Colin.  His father Ray said:

“I firmly believe – 100% believe – that the system this government introduced has killed my son.”

None of these people had the luxury of six figure salaries year in, year out, or six figure pension pots.  None of them acted out of greed.  None of them committed a crime.  All they asked was for what they were due under the law, and the state treated them like fraudsters.  Meanwhile, real life fraudster are pitied and pardoned.

We can do so much better than this.

Don’t Get Angry, Get Involved!

You can transfer your account away from banks like RBS, so why don’t you?  Move Your Money show you which banks are the most ethical and how to switch.

You can support groups like Disabled People Against Cuts, and the Black Triangle Campaign who are putting up one heck of a fight against government cuts to some of the most vulnerable people in our communities.

You can get involved with organisations like Foodcycle and Trussell Trust Food Banks who are working hard to feed the people left behind.

You can roll your sleeves up and join groups like The People’s Assembly and Occupy London who are actively re-imagining our world – how could we organise our society, economy and political systems so that they really worked for us all?

0.0 ·
0
Trending Today
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley · 11,088 views today · This is easily the best comic strip ever made.  Pabl
The Corporation (2003)
145 min · 6,710 views today · The Corporation is today's dominant institution, creating great wealth but also great harm. This 26 award-winning documentary examines the nature, evolution, impacts and future...
Coping With Narcissistic Personality Disorder in the White House
N Ziehl · 2,937 views today · I want to talk a little about narcissistic personality disorder. I’ve unfortunately had a great deal of experience with it, and I’m feeling badly for those of you who are...
Dinosaur explains Trump policies better than Trump!
8 min · 1,850 views today · Donald Trump is actually the corporate triceratops, Mr. Richfield, from the 90's TV show sitcom, "Dinosaurs". 
The Comprehensive Activist Guide to Dismantling Neoliberalism
Drew Serres · 961 views today · “The creation of today’s market society was not the result of a sequence of spontaneous events but rather of state interference and violence.” – Naomi Klein in The Shock...
22 Documentaries That Tell the Truth About How Government Really Works
Tim Hjersted · 886 views today · And 6 that show how people are responding.
Today I Rise: This Beautiful Short Film Is Like a Love Poem For Your Heart and Soul
4 min · 769 views today · "The world is missing what I am ready to give: My Wisdom, My Sweetness, My Love and My hunger for Peace." "Where are you? Where are you, little girl with broken wings but full...
90 Inspiring and Visionary Films That Will Change How You See the World in Profound Ways
Tim Hjersted · 617 views today · The world today is in crisis. Everybody knows that. But what is driving this crisis? It's a story, a story that is destroying the world. It's a story about our relationship to...
This Woman Gets No Applause...Why? They Are Too Creeped Out...
7 min · 461 views today · Think you aren't being fooled by advertising tricks? Take a look at this so-called expert revealing food marketing's secret weapon. No amount of marketing makes factory farming...
Positive Thinking in a Dark Age: A Guide to Gracefully Losing Faith in a Collapsing Dominant Culture
Jim Tull · 413 views today · I recall a Buddhist parable involving a stick that appears from a distance to be a snake, causing fear to rise in the perceiver. As the perception shifts upon closer...
The Invention of Capitalism: How a Self-Sufficient Peasantry was Whipped Into Industrial Wage Slaves
Yasha Levine · 411 views today · “…everyone but an idiot knows that the lower classes must be kept poor, or they will never be industrious.” —Arthur Young; 1771 Our popular economic wisdom says that...
The White Man in That Photo
Riccardo Gazzaniga · 315 views today · Sometimes photographs deceive. Take this one, for example. It represents John Carlos and Tommie Smith’s rebellious gesture the day they won medals for the 200 meters at the...
The Age of Anxiety
Grace Blakeley · 299 views today · I began to experience the crippling power of anxiety in my third year of university. The panic attacks were one thing, but the most horrifying thing about anxiety, the thing...
Your Lifestyle Has Already Been Designed (The Real Reason For The Forty-Hour Workweek)
David Cain · 295 views today · Well I’m in the working world again. I’ve found myself a well-paying gig in the engineering industry, and life finally feels like it’s returning to normal after my nine months...
Live Before You Die
6 min · 286 views today · Travelling the length of the country and back again with a pair of horses and gypsy caravan, Live Before You Die is the ultimate horse-drawn road movie, following a band of...
The Top 100 Documentaries We Can Use to Change the World
Films For Action · 264 views today · A more beautiful, just and sustainable world is possible. Take this library and use it to inspire global change!
Regenerative Agriculture: Our Best Shot at Cooling the Planet?
Jason Hickel · 233 views today · It’s getting hot out there. For a stretch of 16 months running through August 2016, new global temperature records were set every month.[1] Ice cover in the Arctic sea hit a...
One "Piece of the Oppressor" That I Have Discovered Within Myself
Tim Hjersted · 223 views today · One "piece of the oppressor" that I have found in myself during my inner activist journeys is my use of shame as a method of engaging with the world's problems. Having learned...
Bertrand Russell & Buckminster Fuller on Why We Should Work Less, and Live & Learn More
Josh Jones · 169 views today · Why must we all work long hours to earn the right to live? Why must only the wealthy have a access to leisure, aesthetic pleasure, self-actualization…? Everyone seems to have...
Who Are You? Watching This Breathtaking Video Could Be the Moment You Change Your Life
2 min · 163 views today · "Normal is getting dressed in clothes that you buy for work, driving through traffic in a car that you are still paying for, in order to get to a job that you need so you can...
Load More
What's Next
Like us on Facebook?
RBS Bankers Guilty of £3m Fraud Walk Free, Judge Says They've 'Suffered' Enough