Canada:
Beneath The Law - How Expensing Two Sandwiches Cost A Banker His Job (Podcast)
30 January 2024
Gardiner Roberts LLP
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In this episode we're unwrapping the tale of the
Banker's Sandwich Scandal.
You might have read the headlines. Szabolcs Fekete, a financial
crime expert at Citibank was fired by the bank after claiming a
two-sandwich lunch on expenses. He'd claimed he ate one
sandwich for lunch then ate the second for dinner.
But under closer scrutiny he admitted he had travelled with a
partner and the second sandwich was for them.
But is firing the right price for this deception? Seems a high
cost for a low price. In this episode Gavin and Stephen put a bit
more "meat in the sandwich" so to speak and explain the
rest of the story.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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