A former Lloyds Banking Group head of security has pleaded guilty to a £2.5m fraud at Southwark Crown Court today.
Jessica Harper was accused in May of defrauding her employer through false invoices during her time as head of digital banking fraud and security.
She was charged with one count of fraud by abuse of position and money laundering between September 2008 and December 2011.
She also pleaded guilty to one charge of transferring criminal property.
CPS Central Fraud Group member Andrew Penhale said that Ms Harper was alleged to have “abused her position”, in which she was expected to safeguard the bank’s financial interests, by submitting false invoices to claim payments totalling £2.46m, to which she was not entitled.
Harper will be sentenced on 21 September.