Risk.net

Banker Uses Knowledge Of Records To Steal From Employer

NEWS

LONDON -- A UK banker used his experience of bank record-keeping to steal £140,000 ($202,000) from his employers, a crime that in April earned him two years in jail.

Stephen Jones was found guilty in a UK court of stealing the money from Saudi International Bank between August and December 1998.

The court was told Jones used his 25 years of banking experience to destroy records of the transactions involved in his theft. He was caught when he misused a colleague’s password during the final tran