31 August 2016
Find out more

Lloyds' former security head jailed for nine years for £2.4 million swindle

21 September 2012  |  7042 views  |  2 digital fingerprints

Lloyds' former head of fraud and security for digital banking has received a nine-year jail sentence after pleading guilty to stealing £2.4 million from the UK banking group.

Jessica Harper was arrested in December last year following an investigation by the bank which discovered that she had forged and authorised fake invoices made out to her personal banking account over a four-year period dating back to 2007. The 50-year old former employee used the looted cash to fund extravagant shopping sprees and her social life.

Harper was charged with one count of fraud by abuse of position, and a further count of money laundering. She pleaded guilty to both at Southwark Crown Court on 27 August 2012.

To date Harper has repaid £376,365.52 with a further estimated £330,000 to come from the sale of property.

Detective Chief Inspector Robin Cross, of the MPS's Fraud Squad, says the police are seeking further assets for confiscation with a view to obtaining the oustanding sum.

"This should serve as a warning to any bank employee that the Met will thoroughly investigate such frauds, which rarely remain undiscovered," he says. "Jessica Harper has destroyed her own reputation and the sentence reflects the seriousness of the offence."

Harper was jailed for five years for fraud and four years for money laundering - sentences to run concurrently.

Comments: (2)

A Finextra member
A Finextra member | 24 September, 2012, 09:32

Obviously not that good at fraud and security then, was she ... eh?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 24 September, 2012, 15:54

Maybe she was so much better at fraud detection, which caught her own fraud...

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Former Lloyds online security head pleads guilty to £2.46m fraud

Former Lloyds online security head pleads guilty to £2.46m fraud

07 August 2012  |  6496 views  |  0 comments
Former Lloyds online security head charged with £2.46m fraud

Former Lloyds online security head charged with £2.46m fraud

25 May 2012  |  9445 views  |  3 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
9467 views comments | 23 tweets | 26 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6982 views comments | 11 tweets | 10 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6818 views comments | 15 tweets | 14 linkedin
Mondo becomes MonzoMondo becomes Monzo
6498 views comments | 14 tweets | 9 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
6264 views 0 | 5 tweets | 14 linkedin

Featured job

Find your next job