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Barclays bank workers jailed for £1.3m fraud | Barclays bank workers jailed for £1.3m fraud |
(40 minutes later) | |
Two Barclays bank workers have been jailed at Birmingham Crown Court for a £1.3m fraud of three elderly customers. | |
Karl Edwards, 44, who worked at Barclays in Birmingham, and Andrew Waters, 26, based at a Croydon branch, were each sentenced to five years. | |
Joseph Murphy, 36, from Carshalton, Surrey, and Nathan Denton, 37, from Water Orton, Staffordshire, were also jailed. All four men admitted fraud. | |
The court heard Murphy and Denton helped to move the money offshore. | |
Neither man worked for Barclays. | |
Dormant accounts | |
Murphy was sentenced to three years and nine months in prison, and Denton to four and a half years. | |
The court heard that Waters had identified two large accounts, held by customers in their 80s, that had been dormant for a number of years. | |
Edwards then used his more senior position to help set up access. | |
The men then posed as relations of the account holders, using fake passports and false bank accounts. | |
About £900,000 was removed from a joint account held by a couple, while £400,000 was taken from an account held by a woman. | |
Only £51,000 has been recovered. | |
The prosecution said the operation was "slickly run and rapidly achieved". | |
The court heard how Murphy and Waters had helped move the money "rapidly offshore". |