A City banker and a group of businessmen pulled off an elaborate £245million scam, with proceeds being spent on high class prostitutes and luxury holidays, a court has heard.
Isn’t there a point at which it’s cheaper to buy than rent?
Sadly for the toms of the nation it’s the total losses that were that sum, not the amount ripped off.
“He had embarked on a deliberate, systematic and sustained campaign of unauthorised lending of bank money to those business customers within his portfolio which were effectively forced through his influence to engage in the services of QCS.”
Quickly put, manager of loans to companies in trouble insisted that said companies hired a mate to consult on how to get out of trouble.
Mr Bancroft, who was described as Mr Mills’ “man on the ground” allegedly received around £1million in direct payments.
He and Scourfield allegedly went to Barbados to celebrate Mrs Mills’ 40th birthday and also enjoyed trips to Bancroft’s villa o the Algarve.
Mr Cartwright was said to have received £200,000 for his alleged role, while Mr Dobson, who was a colleague of Scourfield allegedly received £30,000 in corrupt payments from one of Mills’ companies as well as benefitting from “inappropriate hospitality”.
Much less interesting.