It appears the incident is as a result of the 14 year sentence for Tom Hayes, the trader convicted of manipulating the Libor rates.
“I had no idea he’d actually go to prison,” a factoring 'professional'was over heard saying
“I mean, he went to Eton. His father’s a GP. He’s just not the sort of chap who gets sent to prison.”
Five minutes after the sentence was announced there was a huge surge in water demand as office toilets simultaneously flushed.
Hecontinued, “You could hear everyone’s bowels turn to water as the implications became clear; if Tom can go to prison, any of us can.”
“I was one of the lucky ones, I made it to the gents, and there was still a bit of paper left, but I saw a few of my colleagues’ secretaries discreetly popping to M&S to get them new pants.”
It is understood that literally every human being working at a number of fatoring companies is currently under suspicion of some form of financial crime from fraudanlent termination fees to false disbursements.
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