Fraud Friday British Style
Bloomberg reports two loan officers and six others are charged by U.K. prosecutors over business loans for around 35 million pounds ($56.2 million).
“The pair, described as senior managers for the bank, were charged today with conspiracy to corrupt, fraudulent trading and money laundering, according to an e-mailed statement from the Crown Prosecution Service. The men were given gifts by financial advisers to administer loans for companies having difficulties between 2003 and 2010.
“The men, along with two employees of the financial advice firm, are scheduled to appear at a Reading, England, court on Jan. 18.”