News

Corrupt bankers convicted

31 January 2017

By Lauren E. White

Halifax Bank of Scotland employees (HBOS) have been found guilty of bribery and fraud that cost customers and shareholders hundreds of millions of pounds.

Former HBOS manager Lynden Scourfield pleaded guilty to five counts of fraud and one of corruption. Meanwhile, five others, including Mark Dobson, who was also an HBOS manager, have been found guilty of crimes including fraud, money laundering and bribery.

CPS special prosecutor Stephen Rowland said the case “involved millions of documents” and “a lot of the material [they] had to look at was electronic”.

David Mills and Michael Bancroft were also convicted and revealed that they arranged sex parties for Scourfield who would in turn require the bank’s small business customers to use the company run by Mills and his wife Alison, Quayside Corporate Services.

Exotic foreign holidays and cash in brown envelopes were some of the other bribes given to Scourfield during the lending boom leading up to the 2008 financial crash.

If there’s one thing we’re thinking about this (aside from the obvious), it’s really Wolf of Wall Street. Only with less attractive people who are genuinely repulsing. (You can’t be repulsed by Leo DiCaprio.)

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