Ferrie a 45 year old former female nurse is accused of credit card fraud in the United Kingdom. Lucielle is accused to have used somebody else's credit to purchase online goods worth one thousand Euros. Ferrie who hails from Saudi Arabia in 1996 was accused for the murder of an Australian nurse, Yvonne Gilford and was sentenced to eight years in jails and five hundred lashes together with Deborah Parry who too was accused of the same murder in a Saudi court. Credit card fraud although is a serious crime eight years in jail is a lot the pair should have been jailed for at most three years. Credit card fraud and murder are serious crimes that should be punished severely, the judge on this case was lenient to give them a sentence of eight years, they should have been jailed for life to set example to others. The system should be improved to assure there is more security to reduce these crimes.
After two years in jail the pair was released by King Fahd after the late Yvonne's family was paid “blood money”, It is after this that she left Saudi for UK and wedded her fiancé Grant Ferrie.
Lucielle has been faced with multiple court cases and has since been banned from practicing as a nurse; the mother of two is a white collar criminal who has admitted to fraud by using two credit cards not belonging to her in April 2010, Many people have expressed their sentiments about this and feel that she should be put in jail for this crime she has also been described as a dangerous person judging both from the 1996 incident and the credit card fraud.
Though this people have committed a lot of crimes, there is still room for change; they can improve their behaviors if given time because every human being does make errors in life. Many people believe that these people should be jailed; banning them from practicing their careers is not enough.
However, admitting of committing a crime is enough evidence to put some one behind bars and killing and paying money should not make someone free. This is because the person can repeat those crimes any time. We should make sure; every one carries his or her own cross by punishing those who are guilty without fear or favor in order to minimize these crimes.
Maan-al-sanea fraud case against Algosaibi group.
Maan-al-Sanea in 2009 was accused of stealing from 10 billion US dollars from his wife's family the Algosaibi group over a period of four years. The Algosaibi group accused Maan-al-sanea, of using the worker's remittance unit to hide the money stolen. This case filed by Ahmad Hamad Algosaibi and bros.
(AHAB) was part of a continued disagreement and responded to a compliant that had been filed earlier against AHAB by Mashreq a Dubai-based bank. Following this court case a fresh dispute broke AHAB and Mashreq. AHAB and Sanea groups were closely linked and carried out many businesses in the Eastern Saudi city of Khobar. Though al-sanea was named among the billionaires in Forbes magazine at a fortune estimated to be about seven billion US dollars this money is thought to have been siphoned fraudulently from AHAB. Every time a person becomes rich there are accusations and counter accusations especially from family members, AHAB and Al-sanea may not have stolen, it is wrong to judge him of being corrupt because no enough evidence has been brought forward to prove him guilty. However with the rate al-sanea became rich, there is a question mark there is possibility that he used the workers remittances to enrich himself. A regulation should be put in place to manage and oversee how family businesses are operating.
Al-sanea ran the AHAB money exchange unit which he specialized in processing foreign workers remittances, it is from this that the deals are thought to have originated where he would make extortionate rates with several others banks through the unit. Most shocking to the Algosaibi group as the realization that al-sanea engineered transactions for AHAB to receive funds, which he later channeled to his account.
This case has caused a lot of uncertainty, United Arab Emirates have been stopped by the Abu Dhabi central bank from lending money either to AHAB or to al-sanea; this is supposed to be regulatory measure to make family enterprises more transparent because a similar case will mean that the banks are not going to lend to people who have been involved in fraudulent cases.
How is it possible to tell that al-ssanea is a clean man? People have involved themselves in illegal businesses so as to be rich, he could have extortionate the rates. However because enough evidence has not been brought against him, it is possible he did the normal business and he is innocent. The money exchange system should be regulated by the main bank, and transactions involving huge sums of money should be monitored well.
REFERENCES:
Cynthia Barnett (1999). "The Measurement of White-Collar Crime Using Uniform Crime Reporting (UCR) Data" U.S., CJIS.
Russell, Mokhibe (2007). Corporate Crime Reporter to the Taming the Giant Corporation. New York: prentice hall
A.A, T. O. Asaolu (2009),"The Role of Forensic Accounting in Solving the Vexed Problem of Corporate World", European Journal of Scientific Research ISSN 1450-216X Vol.29 No.2, pp.188-192
.
