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Lawyer convicted of £7.4 million fraud

Published on 21 Oct 2009 under category: legal

A City lawyer committed fraud crimes worth more than £7 million, it has been revealed.

Kate Johns has been convicted of diverting £7.4 million from the Tokyo-Mitsubishi Bank, at which she was head of legal.

This money was then invested into an airline owned by a friend of Ms Johns.

For her part in the crimes she was given £1.95 million, which she spent on her mortgage, breast implants, jewellery and designer clothing.

At Southwark crown court she was found guilty of five charges of using letters of credit to obtain a money transfer by deception, one count of transferring criminal property and six counts of acquiring criminal property.

In other fraud crimes news, a former royal harpist has claimed that she was forced into committing crimes by a friend of her boyfriend who had threatened to reveal her drug addiction.

Jemima Phillips denies burglary but has admitted using a stolen pass book, with the 28-year-old accused of using this to try to obtain £500 in cash from a building society.

If you require advice on Corporate Fraud please call us on +44 (0)20 7831 0101 and ask for Dan Hyde.