The Daily Mail reports the ‘senior financial adviser’ took £226,508 from six pensioner clients over five years to bet on football matches.
The paper said Marc Burnett, 30, from East Yorkshire pocketed the cash in 45 false transactions between 2008 and last year. Hull Crown Court heard he ensured his victims did not find out about the thefts by diverting their bank statements.
The report said his Lloyds Bank bosses were also fooled about his behaviour and ‘knew nothing of the withdrawals’.
Burnett pleaded guilty to six charges of fraud after his theft was uncovered by his boss while he was away on holiday in June last year.
Lloyds Bank sacked Burnett after the fraud was discovered and refunded all his victims.
Burnett walked away from court with a two year suspended sentence and 300 hours of unpaid community service.
Lloyds said in a statement: “We take our customers’ security very seriously and work closely with the police to combat fraud.’In this case, the fraud was swiftly identified by the bank and we notified the police and the relevant authorities and assisted fully in their investigation.”