Barclays bankers jailed for £1.4m mob fraud of elderly savers

clock

A Barclays manager and a personal banker have been jailed for a £1.4m fraud of elderly customers, in a crime linked to organised gangs.

Bank manager Karl Dean Edwards, 43, and personal banker Andrew Waters, 26, were paid by an organised crime team to siphon money from the bank accounts of wealthy customers, according to the Daily Mail. Police said the bankers used false identification documents and forged papers to set up accounts in the names of the victims' relatives. They would then move money from the victims' accounts into the false accounts before transferring the sums into an offshore bank account. Edwards, of Crookbarrow Road, Norton, Worcester, was manager at the Hagley Road branch of Barclays in Birmingha...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Advertising watchdog upholds complaint against car rental 'investment' firm

Advertising watchdog upholds complaint against car rental 'investment' firm

Second complaint to be upheld against the business in just over a month

Jen Frost
clock 07 May 2025 • 4 min read
FCA seeks feedback on cryptoasset trading regulation

FCA seeks feedback on cryptoasset trading regulation

Aims to build confidence in the sector

Patrick Brusnahan
clock 02 May 2025 • 1 min read
Schroders becomes first to adopt all four SDR labels

Schroders becomes first to adopt all four SDR labels

Includes 'Sustainability Mixed Goals' label

Linus Uhlig
clock 27 January 2025 • 1 min read