Jailed: East Ham bank worker who defrauded £120,000 from customers
PUBLISHED: 16:02 17 October 2018
City of London Police
A former bank worker who swindled more than £120,000 from customers on stolen cards was jailed today for 20 months.
Masum Hussain, 32, exploited customers at a Lloyds Bank branch in London by accessing their accounts, changing their addresses and ordering new cards which were used for payments and withdrawls between January and July last year.
He racked up losses of £126,384, Inner London Crown Court heard.
CCTV footage confirmed he had made several fraudulent ATM withdrawls as well as cash deposits into his own account.
Internal investigators spotted the fraud and passed on details to the City of London Police’s Dedicated Card and Payment Crime Unit (DCPCU).
Following their probe, Hussain — of William Morley Close — pleaded guilty to seven counts of fraud by false representation.
The bank fully refunded his victims, according to officers.
“This fraudster abused his position to steal thousands of pounds from customers,” said Det Con Andy Jackson, case lead for the DCPCU.
“Now, thanks to swift action by Lloyds Bank and the DCPCU, he has been brought to justice while all victims were fully refunded.
“This sends a very clear message to would-be fraudsters: you will be caught and punished.”
A spokesman for Lloyds said: “Our sophisticated fraud detection systems identified the suspicious activity which we then reported to the police. Since then we have worked closely with law enforcement to secure a successful prosecution.
“As always, our priority has been to protect our customers hard-earned money and we have ensured that they were fully reimbursed and not left out of pocket.”