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Former GP Noble principle Tony Morris charged over £52m fraud

Former Money Portal director and GP Noble principal Tony Morris has been charged for his role in defrauding nine pension funds of £52m.

Morris appeared before Westminster Magistrates Court yesterday to be charged with conspiracy to defraud, theft and aiding and abetting fraud. He is due to appear before Southwark Crown Court on April 8.

GP Noble was a subsidiary of Money Portal, which went into administration in June 2009. Morris was disqualified as a director in 2005 and is the fifth person to be charged in connection with the case.

Peter Malmstrom, an associate of Morris, was charged with money laundering and proceeds of crime offences in November 2010.

Former GP Noble trustees Graham Pitcher and Gary Cordell, who are subject to a separate trial, were charged in March 2010. Their trial at Southwark Crown Court opens on May 3.

IFA Quentin Russell was charged in November 2009. He will stand trial at Southwark Crown Court on September 19.

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  1. Yet another example of the FSA chasing mice around the room and not noticing the elephants. Presume the banks will be next to benefit from our august regulators lack of focus. Wish we were back in pre PIA days.

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