Ex-trustee admits £250,000 pension scheme fraud

Patrick McLarry, of Bere Alston in Devon, took the funds from the pension scheme of Yateley Industries for the Disabled where he was both chief executive and chairman. At the time of committing the fraud - between March 2012 and February 2013 - McLarry was also the director of VerdePlanet Limited, the corporate trustee of the charity's pension scheme. The case was brought by The Pensions Regulator (TPR) and is its first instance of prosecuting over money laundering allegations. McLarry initially denied the charges at Winchester Crown Court on 28 May but will be sentenced on 13 Dece...