walton v rbos

[The GodMother]

david u owe me a keyboard and monitor.

 

Naturally gifted at being idiots yes

[paulwlton]

I thought i'd create a blog - lets see if anyone out there is aware of these "router accounts"

 

RBS Book Debt "Router Account"

Edited September 21, 2008 by paulwlton

[cashins]

Jeez - it just gets worse with ths lot.

 

David

[debbbbsy]

Paul,

When we wrote to CMS in April, we asked many questions regarding the management of our accounts. But one of the points we raised was the value of the debt on our router accounts, we asked RBS,

"Can you confirm where this information came from and is this the figure that you provide in your accounts to Companies House as an asset of the banks?"

To date they have not responded. How do we find out which figure they are using,the true value of the debt [the figure at judgement less payments made] or the router account debt [ debt at judgement less payments + interest & solicitors fees].

 

Can we SAR the banks auditor or accountants to find the truth ?

 

If they are using the router accounts, does this mean they illegally inflating thier balance sheet, deceiving shareholders & the city ?

Debs

[Sparkie1723]

Hi Debbbbsy,

 

Paul and myself have reached that exact conclusion ...the bank has said about my Router Account that it is actually my personal account that is just given an internal different number......the problem with this is it bears no resemblance to the balances on my personal account statements....and when I queried this along with my MP we both got the message.......we no longer wish to discuss past transactions on any of your accounts..........................for the simple reason they are falsley manipulated.

on paper I owed RBS £1290.....in truth I owed them £35..... which I paid.

But when the auditors do their accounts this £1290 becomes an asset debt and with a lot more like them are as you said are inflated company accounts and when presented to the international lending banks when RBS WANT TO BORROW MONEY....they get their money because the have all this "nonexisant" money owing. RBS then are able to borrow more money to pay their directors their big fat bonuses for all their fine efforts in creating these router accounts and falsley creating loan agreements like Pauls and a few others.

 

Did you also know that the majority of Nat West and RBS employees don't even know about Router Accounts ....for curiosity just ring a few RBS and Nat West banks up and ask...they wont know what you are talking about.

Only CMS Telford know about these accounts and only CMS Telford can access them on the whole of the Banks computer system.

Its a dead cert your local branch can't you have to have special security clearance to be able to do that.

 

 

sparkie

Edited September 21, 2008 by Sparkie1723

[cashins]

You have to wonder how many other banks do this.

 

It is well known that account can and are manipulated to produce, (usually) a more favourable cast on a companies trading position.

 

Trouble is, when you have to physical come up with hard cash, as the banks have had to recently, you have a problem. You have to wonder if the banks bought the 'toxic debt', or is some their own creation.

 

David

[elsinore]

 

It is well known that account can and are manipulated to produce, (usually) a more favourable cast on a companies trading position.

 

 

Creative accounting - Wikipedia, the free encyclopedia

 

Els

[paulwlton]

Paul,

When we wrote to CMS in April, we asked many questions regarding the management of our accounts. But one of the points we raised was the value of the debt on our router accounts, we asked RBS,

"Can you confirm where this information came from and is this the figure that you provide in your accounts to Companies House as an asset of the banks?"

To date they have not responded. How do we find out which figure they are using,the true value of the debt [the figure at judgement less payments made] or the router account debt [ debt at judgement less payments + interest & solicitors fees].

 

Can we S.A.R - (Subject Access Request) the banks auditor or accountants to find the truth ?

 

If they are using the router accounts, does this mean they illegally inflating thier balance sheet, deceiving shareholders & the city ?

Debs

 

As the router account is a book debt and therefore an asset it is probable that the figure contained in this account is the one used to bolster the banks balance sheets.

 

I'm afraid it will be extremely difficult to find the information you need from RBS simply because they don't want further evidence of this type of accounting minipulation brought to the attention of media scources.

 

I strongly suggest you continue to find answers through your MP - make a complaint to the OFT FOS and ICO.

 

Don't forget to add your case to my Router account book debt blog.

 

PW

[paulwlton]

You have to wonder how many other banks do this.

 

It is well known that account can and are manipulated to produce, (usually) a more favourable cast on a companies trading position.

 

Trouble is, when you have to physical come up with hard cash, as the banks have had to recently, you have a problem. You have to wonder if the banks bought the 'toxic debt', or is some their own creation.

 

David

 

Agreed, this is one of the reasons banks are reluctunt to lend money, because they don't trust each others balance sheets.

Edited September 22, 2008 by paulwlton

[cashins]

Agreed, this is one of the reasons banks are reluctant to lend money, because they don't trust each others balance sheets.

 

That statement really does spell out what it's come to. The banks were built on trust, just look what they've done.

[paulwlton]

RBS are still seeking a civil restraint order against me and an hearing to determine this has been set for two hours in front of a circuit judge in Sheffield.

 

I assume RBS are worried that their so called "router accounts" will be exposed as a source of false accounting, this is why they refused to submit the accounting documents into court and allow a judge to decide.

 

Unfortunatley for the RBS there are two extremely serious ongoing cases involving these accounts and it is my belief that there will be further media exposure.

 

Regards

Edited October 1, 2008 by paulwlton

[cashins]

Good luck with that.

 

Hoppefully you will get a judge that won't be 'browbeaten' by the big guns they will well out.

 

David

 

PS: wouldn't hurt if he had lost a packet on bank shares either!

[Having_A_Knightmare]

PS: wouldn't hurt if he had lost a packet on bank shares either!

 

Nice One:D

[car2403]

RBS are still seeking a civil restraint order against me and an hearing to determine this has been set for two hours in front of a circuit judge in Sheffield.

 

I assume RBS are worried that their so called "router accounts" will be exposed as a source of false accounting, this is why they refused to submit the accounting documents into court and allow a judge to decide.

 

Unfortunatley for the RBS there are two extremely serious ongoing cases involving these accounts and it is my belief that there will be further media exposure.

 

Regards

 

It's a shame they hadn't just given you what you wanted from the beginning, which would have cost them a lot less than all this in the long run.

 

Take note, bankers, don't mess with a CAG-er...

[paulwlton]

It's a shame they hadn't just given you what you wanted from the beginning, which would have cost them a lot less than all this in the long run.

 

Take note, bankers, don't mess with a CAG-er...

 

I assume they must believe all/any publicity is good publicity.

[FANTASY CHARGES]

interesting quote below for all potential whistleblowers , step aboard anytime

 

Can company bosses prevent a member of staff from taking “confidential” information with them when they resign? Not necessarily, says xxxxxxx, our Employment Law Specialist.

 

“Information which you may regard as being classified, is often in the public domain, and if that turns out to be the case, there may be nothing you can do to stop former members of staff taking the information with them.

 

“As a general rule, in order for something to be confidential and owned exclusively by the company, it either has to be a trade secret, or something that you’ve been given in confidence which isn’t public knowledge.

 

“But even this isn’t a cast-iron guarantee, since the courts have recognised that all employees accumulate a certain amount of knowledge about the company which they’re entitled to take with them and use in their next job.”

 

John said there were a number of steps which companies could take to protect themselves.

 

“If you want something to remain confidential, make sure it’s clearly marked as such, and that its importance is flagged up with any employee who has access to it. Also, make sure that the contracts of senior employees and directors include restrictive covenants spelling out the position regarding the use of sensitive data.”:grin::grin::grin::grin::grin:

[citizenB]

RBS are still seeking a civil restraint order against me and an hearing to determine this has been set for two hours in front of a circuit judge in Sheffield.

 

I assume RBS are worried that their so called "router accounts" will be exposed as a source of false accounting, this is why they refused to submit the accounting documents into court and allow a judge to decide.

 

Unfortunatley for the RBS there are two extremely serious ongoing cases involving these accounts and it is my belief that there will be further media exposure.

 

Regards

 

Good luck with this.

[Sparkie1723]

You defence with regard this injunction hearing should centre around the fact thay what you are attempting to do .....make RBS declare these Router Acconts is of extreme public importance, and to prevent that happening is the ulterior motive of RBS to obtain that injuction they are scared stiff they will be forced to declare them and bring them out in the open.

I will be making this extremely clear when I see my MP Andrew Miller at 12'30am today.

 

sparkie

[42man]

Compelling reading.....watching with interest....What did your MP say about the restarining order Paul ?

[citizenB]

Good luck Sparkie, hope you are well

[paulwlton]

Compelling reading.....watching with interest....What did your MP say about the restarining order Paul ?

 

 

My MP is waiting for the nod before some sort of political action is taken.

 

Regards.

[DandD]

Paul

 

We will get in touch with our MP again to inform him what's happening with yours and Sparkie's issues (if that's OK?). He had already told us that he would talk to your MP a few months ago.

 

You have the name of my MP so please feel free to contact him directly.

 

As you know, it's awkward for us to post here all that is going on in our case for various reasons.

 

When/if we win, it will all be here.

 

D&D

[paulwlton]

Paul

 

We will get in touch with our MP again to inform him what's happening with yours and Sparkie's issues (if that's OK?). He had already told us that he would talk to your MP a few months ago.

 

You have the name of my MP so please feel free to contact him directly.

 

As you know, it's awkward for us to post here all that is going on in our case for various reasons.

 

When/if we win, it will all be here.

 

D&D

 

I believe there's five MPs involved......fortunatley most are in the red corner.

 

PW

[Sparkie1723]

I believe there's five MPs involved......fortunatley most are in the red corner.

 

PW

 

I have emailed my MP Andrew Miller the names of the other 3 MP's names involved.

 

sparkie

[itsamomentintime]

paul

 

the sense of injustice overwhelms me regarding your situation however i am hoping that - with political intervention - some sort of favourable action shall be forthcoming