...weaknesses in its systems and controls, which allowed a senioremployee to fraudulently transfer £1.4m out of clients...addition, a flaw in the bank's IT system allowed the senioremployee to evade the normal Middle Office processes. This...
http://www.computerweekly.com/Articles/2007/05/15/223896/FSA-fines-bank.htm
...from a separate floor in the New York City offices of Bernard L. Madoff Investment Securities LLC. According to a SeniorEmployee, Madoff kept the financial statements for the firm under lock and key, and Madoff was "cryptic" about the firm...
http://www.finextra.com/fullpr.asp?id=25110