`Robin Hood` banker jailed for fraud

`Robin Hood` banker jailed for fraud	18.09.2008
A "ROBIN Hood" bank manager has been jailed for taking money from the accounts of his rich clients and putting it into those of struggling businesses. Bank of Scotland manager Benedict Hancock, 39, channelled more than £7million ($16 million) into the accounts of companies in trouble, London`s Daily Telegraph reported. And, like Robin Hood, Hancock lived in Nottinghamshire. During the father-of-two`s trial for false accounting, barrister Andrew Lloyd-Eley told the court that his client received no personal gain from the fraud. "The only explanation he gave was that he wanted the companies to do well. He got on well with them and he wanted to make sure that they succeeded for their sake rather than his," Mr Lloyd Eley was quoted as saying. "All of Mr Hancock`s customers - and the bank - spoke very highly of him. He was dedicated to his job." Hancock`s unauthorised loans were discovered in November 2006 when one of his clients discovered that his account was £5 million short. He was arrested in February 2007 and found guilty of 14 counts of false accounting and one count of abuse of position. He was sentenced to 18 months in prison at Blackfriars Crown Court in central London on Tuesday. Read more at The Daily Telegraph. Share this article Digg this Post to del.icio.us Post to Newsvine Post to Facebook Add to kwoff RSS What is this? NEWS.com.au is not responsible for the content of external sites. Share stories with friends in a click. Get your favourite NEWS.com.au content on your social networking profile. MySpace widget Facebook application Today`s Top Picks Walk on through 3D WWW INTERNET users can now walk through the web with the launch of the world`s first 3D browser today. Financial turmoil:Wall St plunge writes off billions Slow sales: Costello memoirs already bargain binned Bad day: Shark bites fisherman, his boat runs aground Font size: +- Send this article:Print Email Search for more stories on this topic on Newstext, our news archive service. Click here Most Popular Blogs More Most Popular 1. Free drinks for women who remove undies 2. `Obnoxious` bidder`s offer knocked back 3. Cab driver rapist picked on the wrong girl 4. 3D web browser launches in Australia 5. Costello`s memoirs already bargain binned 6. Dick Smith to look at phone porn images 7. Turnbull plan axes tax returns 8. Denyer injured in monster crash 9. `Obnoxious` bidder`s offer knocked back 10. Shark bites fisherman, boat runs aground Also in World Washington: Soldier opens fire at performance review Tokyo: Man `threw explosives around for fun` Tel Aviv: Livni set to replace Olmert as PM London: Mum drowned disabled child `out of shame` New York: Chef agrees to pay waiters $1m in tips Revealed: Sarah Palin`s Yahoo! email account hacked Taking from rich: `Robin Hood` banker jailed for fraud Yemen: Car bombings at US embassy kill 16 Video Watch this Video NOW! Meet the future FUTURIST Ian Neild examines the present to find out how we will live in the future. Latest videos ARIA nominations announced Leaps and bounds The ultimate men`s runway Chalk Urban Art Festival More Video Blogroll The Nerve How the TV networks are proving to be bad dating partners. Splat!: What are your all-time worst tattoos? Blogocracy: Sack AG over terror trial comments? Ask Bossy: Mum caught me `entertaining` myself Jack Marx Live:Help settle this gasbag grumble Money Stuff:Pollies put on notice by grey power MacChat: Latest iPod turns into touch phone Squanderlust: Spendaholic finishes her mission ] Advertisement Tools Receive our news feed What is RSS? Receive our email newsletter Send us your news photos Send us your story tips News on your mobile Help\| Contact Us\| Advertise with Us\| Job Opportunities\| Terms & Conditions\| Privacy Policy\| Accessibility\| Sitemap\| News Headlines from Our Partners Copyright 2008 News Limited. All times AEST (GMT +10).

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	01. 2009

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