Hereford & Worcester

Lloyds bank adviser took Malvern school's money

A financial adviser who took £138,500 from his children's school and from his clients has been jailed.

Andrew Bartlett, 48, of Malvern, Worcestershire, took the money to prop up a sideline in property development, Gloucester Crown Court heard.

He pleaded guilty to two charges of fraud and three of using criminal property at an earlier hearing.

Recorder Stephen Hall jailed Bartlett for 18 months and said he had committed a "significant breach of trust".

Bartlett, of Northill Gardens, an advisor for Lloyds TSB who worked at Lloyd's Gloucester branch, committed the offences over a five-year period.

School repaid

He was arrested in 2010 after an internal bank investigation and told the police it was the only case he was involved in.

However, subsequent inquiries revealed he had been taking money from two customers, investing £11,000 from one woman and £40,000 from another, into his own firm.

He also transferred £87,500 from accounts at Dyson Perrins CE School in Malvern, where his children had attended and where he was a governor and chairman of the finance committee.

The court heard that before Bartlett's fraud was uncovered he had repaid the school £68,000 and paid one of his clients back in full - £11,000 plus interest.

The bank later repaid the outstanding money to the school and to the other client. Bartlett then repaid the bank from his pension fund.

In mitigation Matthew Barnes said Bartlett had only "borrowed" the money.

"He has already been punished for his wrong doing in very significant aspects," he said.

He said Bartlett had lost his good name, his job, his career and that was having serious implications upon him and his family.

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