TMP founder Morris cleared of £52m GP Noble fraud

Morris and Malmstrom were accused of defrauding a number of pension funds as part of extraction of £52m from schemes under the control of GP Noble. Prosecution counsel David Farrer QC said Morris and co-defendant Malmstrom were key players in the two stage disinvestment from a series of underfunded pension schemes. However, a majority jury verdict at Southwark Crown Court has today found them not guilty after a lengthy trial. The acquittal comes after Graham Pitcher, the former owner of independent trustee business GP Noble, was found guilty and sentenced to eight years in prison f...