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Banking assistant jailed for stealing over half a million pounds

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Banking assistant jailed for stealing over half a million pounds  3
Trevor Sherwood
Trevor Sherwood writes crime and policing news and graduated Teesside Uni with a degree in Crime & Investigation.

A banking assistant who stole more than half a million pounds from wealthy clients has been jailed yesterday.

Timothy Brooks (born 24/01/1972) of Stanley Avenue South, Prestwich pleaded guilty to 17 counts of fraud by abuse of position.

Tuesday 4 March 2014, Brooks was sentenced at Manchester Crown Court, Crown Square to two years in prison.

Brooks was an employee of Lloyds TSB Banking Group working in the private banking division in Manchester, who was responsible for managing the accounts of wealthy customers.

Other employees at Lloyds discovered that Brooks had been transferring money from 17 clients’ accounts within the private banking division to his own accounts, via the accounts of his family members.

Representatives at Lloyds TSB Banking Group reported the allegations to police in July 2013 and an investigation was launched by officers from GMP’s Economic Crime Unit, who searched Brooks’ home.

In total, the fraudulent withdrawals made from the customer accounts since September 2007 totalled more than £573,730.

Detective Constable Beth Colbourne from GMP’s Economic Crime Unit said: “Brooks completely abused his position and the trust that was placed upon him by both his employers and his clients, to steal more than half a million pounds from the accounts of his customers.

“However, Brooks’ deceit was uncovered by his colleagues and the police were brought in to investigate him and today he has rightly been put behind bars.

“However, Brooks’ deceit was uncovered by his colleagues and the police were brought in to investigate him and today he has rightly been put behind bars.

“Brooks thought he could get away with his illegal activities, but he was wrong. Let this serve as a warning that any fraudulent activity will always be uncovered in the end, and you will be made to pay for your actions, ruining not only your life and causing distress to all those that you have stolen from, but devastating the lives of your family too.”Timothy Brooks

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Coronavirus Information

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