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Barclays bank workers jailed for £1.3m fraud Barclays bank workers jailed for £1.3m fraud
(40 minutes later)
A Barclays bank employee in Birmingham has been sentenced to five years in prison for his role in a £1.3m fraud. Two Barclays bank workers have been jailed at Birmingham Crown Court for a £1.3m fraud of three elderly customers.
Karl Edwards, 44, a former "premier relationship manager", appeared at Birmingham Crown Court along with Andrew Waters, 26, who was also a Barclays employee, in Croydon. Karl Edwards, 44, who worked at Barclays in Birmingham, and Andrew Waters, 26, based at a Croydon branch, were each sentenced to five years.
Waters was also 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 was told that the victims of the fraud were three people in their 80s. 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".