Advisor in six figure fraud scandal

Advisor in six figure fraud scandal



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A former financial advisor, who worked at Lloyds TSB Bank in Gloucester, is preparing to stand on trial over £137,500 fraud allegations.

48-year-old Andrew Bartlett allegedly transferred thousands of pounds of customer’s money into his own property development company.

Alongside allegedly taking money from the bank’s customers, he faces three charges relating to a school’s funds.

Bartlett was chairman of the finance committee of Dyson Perrins Church of England School and is said to have taken £86,500 from the school.

All in all, Bartlett has had five charges brought against him. When he appeared before city magistrates in Gloucestershire yesterday he entered no plea to the charges.

Prosecuting solicitor Louise Pinder told This is Gloucestershire: "These are cases of alleged repeated abuses of trust. The defendant was working at Lloyds TSB Bank as a financial advisor at the time. Between August 6 and September 2, 2009 he allegedly paid £40,000 belonging to a bank customer into the property development company instead of paying the money into an investment account as agreed with the customer.

"Another allegation involves £11,000 which a customer wanted to invest for 12 months as a gift for her daughter on her 21st birthday, but which the defendant allegedly also paid into the account of Bartlett and Styles in April, 2009.

"The other three charges – acquiring, using or possessing criminal property – relate to monies belonging to Dyson Perrins School in Malvern, where the defendant was chairman of the finance committee."

Magistrates have declined jurisdiction at this stage and the case has been adjourned until May 24 for committal papers for trial at Gloucester Crown Court to be prepared. Bartlett has been granted unconditional bail.

 

 

 

 

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