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Old 12-05-2008, 10:23 AM
Malice Malice is offline
Join Date: Dec 2000
Location: In my own little world
Posts: 163
Crusades-era and Knights Templar "bank" fraud

If the Knights Templar operated what were essentially proto-banks at the time of the Crusades, how did they deal with fraudulent letters of credit?

Did they have any kind of law enforcement mechanism -- like sword-wielding Dirty Harrys -- to make sure fraudsters were caught and punished?

If so, what? If not, how did their banking system work without it?
Old 12-05-2008, 10:50 AM
Exapno Mapcase Exapno Mapcase is online now
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Join Date: Mar 2002
Location: NY but not NYC
Posts: 30,712
My WAG is that these letters were difficult to forge. They would all be dripping, literally, with apparatus of authority, wax seals of the nobles who issued the letters. There wouldn't be many of these lying around. And whoever picked up the money would be part of a retinue rather than some shifty-eyed proto-UPS delivery guy.

As for enforcement, they were the fighting knights. They could handle anything themselves. Which was another good reason not to cross them.
Old 12-05-2008, 01:36 PM
Hypno-Toad Hypno-Toad is offline
Join Date: Sep 2004
Location: By the Caloosahatchee
Posts: 11,630
At the withdrawal point, simply showing up at the door with a note from the grandmaster for 700 livres of gold would not be sufficient. I imagine that without other means of verification, personal contact with the Templar bankers was extensive to insure that the withdrawer was who he really claimed. Also, the kind of people that the Templars banked with were generally prominent types and would be well known. Certainly, they would have a sufficient entourage to show that they were men of means and this would no doubt be a pretty high hurdle for a con-man to leap. When some noble going on crusade got his note of credit from the Templars, it was no doubt a big deal and they may have given him letters and news to deliver to the Templars at his destination. Not having such things in one's possession at the withdrawal point would most likely be a suspicious sign.


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