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Bank employee jailed for fraud

Published on 25 Jan 2010 under category: legal

Richard Crawford, 41, was sentenced to three years and eight months for using customer details to set up loans in their names and transferring the money to other bank accounts belonging to co-defendants.

Crawford's ten accomplices were paid small amounts to withdraw the cash and return it to him.

He pleaded guilty to conspiracy to conceal, disguise, convert or transfer criminal property.

Prosecutor Howard Crowson said that £109,497 was lost by First Direct after they were unable to recover all the money.

On sentencing him, Judge Peter Collier, said: "You had complete access to the whole security system and the necessary involvement to be able to make the money transfers.

"It was an outrageous abuse of trust by you. The losses were all borne by the bank."

The defendant had worked in the fraud department for 13 years.
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