Private banker jailed for stealing to fund addiction

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An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.

The Daily Mail reports that Timothy Brooks, 42, who was employed at the Mayfair Private Banking Service division of Lloyds TSB Banking Group, plundered money from the private banking accounts of customers over a six-year period.

The married father-of-three pleaded guilty at Manchester Crown Court to 17 counts of fraud, with withdrawals totalling £573,736 diverted to bank accounts he set up in the names of his children.

He revealed that he had deliberately chosen customers with the biggest portfolios who were least likely to notice thousands going missing.

The money was stolen in 57 separate transactions - but went unnoticed until a processing error led to one of the payments being looked at more closely last July.

To access the complete Daily Mail article hit the link below:

Banker Timothy Brooks who stole £500k to fund gambling habit jailed for 2 years

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image: © Håkan Dahlström

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