Fraudster who used her Lloyds Bank job as cover to trick friends and family including her own brother into investing in £500,000 fake share scheme is jailed for four years

7 months ago 21

By Katherine Lawton

Published: 13:56 EDT, 19 June 2024 | Updated: 13:56 EDT, 19 June 2024

A fraudster who utilized her Lloyds Bank occupation arsenic a 'cover' to instrumentality friends and household into investing successful a fake stock strategy has been jailed for 4 years.

Debt-ridden Annabelle Allan, 29, adjacent scammed her ain member by taking retired idiosyncratic loans successful his name, Bradford Crown Court heard.

When she was connected bail for earlier offending, she embarked connected a 3rd benignant of fraud aft getting a occupation astatine a car income business.

Allan began her offending backmost successful 2017 erstwhile she was said to person been struggling with her ain debts.

She was inactive committing crimes successful May past twelvemonth erstwhile she obtained much than £37,000 from customers who thought they were buying vehicles.

Prosecutor Marte Alnaes said Allan racked up much than £16,600 worthy of debts successful her brother's name, which led to him having a County Court judgement made against him.

Annabelle Allan, 29, (pictured) scammed her ain member by taking retired idiosyncratic loans successful his name, Bradford Crown Court heard

She said her member had spent months trying to 'clear his name' and helium had nary enactment but to enactment the constabulary successful prosecuting his sister.

Between 2017 and 2019, Allan besides utilized her IT presumption astatine a Lloyds Bank information centre to devise a 'detailed and convincing' fake stock strategy earlier encouraging family, friends and acquaintances to put successful it.

Over that play Allan was said to person obtained conscionable nether £500,000, but astir £330,000 had been 'recycled' backmost to investors.

The tribunal heard immoderate victims had besides been reimbursed by Lloyds Bank, but determination was inactive an unaccounted sum of £167,796.40.

Allan was said to person forged signatures and sent investors fake letters purporting to beryllium from the constabulary oregon solicitors.

Lloyds Bank investigated Allan's activities successful aboriginal 2019 and aft being suspended she was dismissed 4 months later.

One of Allan's victims said she had fixed the suspect her beingness savings and the suspect had shown nary remorse conscionable 'crocodile tears'.

Bradford Crown Court (pictured) heard some victims had been reimbursed by Lloyds Bank, but determination was inactive an unaccounted sum of £167,796.40

After constabulary began their probe into Allan's frauds she was released connected bail.

But past May she utilized her presumption astatine a car income steadfast to advertise vehicles and get payments from 3 unsuspecting customers totalling £37,676.

Allan's barrister Gurdit Singh said Allan fell into a 'vicious rhythm of debt' aft taking retired Payday indebtedness erstwhile she was 18.

Mr Singh said Allan had expressed genuine remorse and recognised the important interaction connected her victims.

Mr Singh said that immoderate of the victims had successful information submitted quality references connected behalf of his lawsuit and submitted determination was a beardown imaginable of rehabilitation.

But Recorder Bryan Cox KC said Allan, who admitted fraud, had shown persistence and a sizeable grade of sophistication successful her offending.

Jailing Allan, helium told her: 'You abused your presumption astatine Lloyds and you acceptable up a convincing fake Lloyds stock scheme.

'You utilized that strategy to extract wealth from friends and household and different radical you were acquainted with and you efficaciously utilized your occupation arsenic a cover.'

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