Former Lloyds Banking Group head of digital banking fraud and security Jessica Harper has been jailed for five years for a £2.5m fraud.
Harper submitted 93 false invoices to claim payments of £2,463,750 between 2008 and 2011. The money was given to friends and her three brothers to invest in property.
She pleaded guilty at Southwark Crown Court last month to one count of fraud by abuse of position and money laundering and one charge of transferring criminal property.
Judge Deborah Taylor told Harper: “You were a senior employee in the bank in a position with a high degree of trust at a time when Lloyds was substantially supported by a lot of taxpayers’ money following difficulties sustained by the bank in the financial crisis.
“You disregarded your duties out of a sense of entitlement to take other people’s money for your own benefit and that of your family.”
Harper is now selling her home to repay the money she stole.
Perceptive Planning compliance and operation director Phil Billingham says: “Given that the taxpayer has a large stake in Lloyds you would have hoped the systems and controls they had in place would have prevented something like this from happening.”