A trustee is imprisoned after using employees' funds to prop up struggling businesses and buy a home for his daughter. James Phillips looks at the details of the case.
A pension scheme trustee has been sentenced to just over three years in prison after admitting to fraudulently transferring more than £290,000 of scheme funds to himself, his family and a client. On 29 March Roger Bessent was convicted of fraud, employer-related investments, and director disqualification offences after a joint prosecution by The Pensions Regulator (TPR) and the Insolvency Service. He was a trustee and administrator of the Focusplay Retirement Benefit Scheme, but abused his position to misappropriate scheme funds to support struggling and new businesses that he part-ow...
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