HBOS bankers found guilty of £245m scam

Finance consultant David Mills was found to have used designer watches, exotic holidays and sex parties to bribe HBOS manager Lyden Scourfield to approve inappropriate loans for struggling businesses. Mills and his colleagues charged the business owners significant consultancy fees, however many of the businesses went bankrupt as a result of the bad loans, Sky News reported. For instance, one company, Clode, had been operating within a £2.9m overdraft when it first came into contact with Mills in 2002. But by 2007, it was £20.5m in debt to the bank. Mills' wife Alison was also foun...