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11 Years jail for banker’s £1billion fraud

Fraud Alert:

A corrupt HBOS banker has been locked up for 11 years after he and his cronies ‘financially raped’ small businesses to fund lavish holidays and sex parties in one of Britain’s biggest ever frauds.

Lynden Scourfield, 54, a senior director of HBOS, ‘sold his soul’ to David Mills by forcing firms that needed to borrow cash to use his friend’s crooked consultancy firm.

He ‘sold his soul for sex, for luxury trips … for bling and for swag’, a judge said.

Behaving like the ‘Mafia’, they would then use threats and extortion to seize control of the businesses, plundering bank accounts and pocketing massive new loans granted in their name.

Scourfield, who boasted of being the ‘grand wizard’, enjoyed luxury holidays, trips on Mills’ superyacht and sex with porn stars in return for his help. The scam cost scores of hard-working middle-class business owners not only their livelihoods, but also their family homes, pensions, savings and in one case even her marriage.

Jurors were told the fraud was worth £245million, but victims and police sources said the cost to small firms ruined by the scam was up to £1billion…

MORE: HBOS banker jailed for 11 years for £1billion fraud | Daily Mail Online