Friday, May 25, 2012

Jessica Harper the former head of fraud and security at Lloyds Bank charged over £2.5m Fraud

The former head of fraud and security for digital banking at Lloyds Banking Group has herself been charged with a £2.46m fraud. Jessica Harper has been accused of submitting false invoices “to claim payments totalling £2.46m to which she was not entitled,” the Crown Prosecution Service said.

The CPS has authorised the Metropolitan Police to charge her with a single count of fraud.
The charge relates to allegations of fraud between September 1, 2008 and December 21, 2011. Lloyds is 41pc state owned after the taxpayer rescued the bank with £20bn during the financial crisis, with the first bail-out coming shortly after the alleged fraud started – in October 2008.

As head of fraud and security for digital banking, Ms Harper would have been a reasonably senior manager, four or five rungs down from the executive board, and is likely to have been on as much as £100,000. Read More