A former partner at solicitors’ firm Mishcon de Reya has been convicted of forgery and fraud for his part in a £19m loan scam.
Kevin James Steele was convicted of forgery and two fraud offences at Southwark Crown Court today.
Two other defendants, Michael Andrew Shephard and Mark Terence Pattinson, pleaded guilty before trial.
In 2008 Shephard, Steele and Pattinson used false letters purporting to be from Julius Baer & Co in Guernsey to convince EFG Private Bank to offer Shephard a £19m loan.
The letters claimed that £76,422,124 was held in two accounts at Julius Baer & Co which was available to be used as security for the loan.
The Serious Fraud Office has been investigating the case since November 2008 with Warwickshire Constabulary.
All three will be sentenced on January 9.
SFO director Richard Alderman says: “I welcome today’s verdict. It is a victory for honesty and fair dealing in business.”