HALISTER1: Ex-HBOS Bankers Convicted of Fraud, Money Laundering in London

Ex-HBOS Bankers Convicted of Fraud, Money Laundering in London

(Bloomberg) -- Group including an ex-HBOS Plc banker and a turnaround consultant have been found guilty in fraud and corruption trial that lost the bank approximately GBP250M.
  • London jury delivers verdict today, Crown Prosecution Service says in a statement
  • HBOS bankers accused of accepting gifts that allowed co- conspirators to take control of troubled businesses and bankrupt them
  • Turnaround consultant David Mills, 60, convicted of conspiracy to corrupt, fraudulent trading and conspiracy to conceal criminal property
  • Ex-HBOS employee Lynden Scourfield, 54, pleaded guilty to conspiracy to corrupt, conspiracy to launder the proceeds of crime and four counts of fraudulent trading in August 2016
  • Michael Bancroft and John Cartwright, were convicted of conspiracy to corrupt, fraudulent trading and conspiracy to conceal criminal property
  • Ex-HBOS banker Mark Dobson and Mills’ wife also convicted
  • Jonathan Cohen, 60, was acquitted of fraudulent trading and conspiracy to conceal criminal property
  • SEE: Ex-HBOS Bankers Accused of Getting Travel, Escorts in Fraud Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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