Barclays manager accused of £820k nest egg fraud

Mohammed Ahmed, 26, first made unauthorised changes to the savings account set up by 75-year-old Brian Mahoney, it is claimed. He then transferred all but £80,000 out of the retirement fund, jurors were told. Mr Mahoney, from Cheshunt, Herts, only found out when he rang the bank two months later to check how much interest he was receiving, the Daily Mail reports. He told the Old Bailey he set up the Nest-egg savings account in October 2008 with a payment of £1m because of the banking crisis. "Everyone was moving money, and I was looking for the best terms obviously. "Until I ...