Wednesday 2nd March 2011
A former bank manager who pocketed £60,000 in a 'professional' scam faces jail.
The former HSBC employee diverted funds into holding accounts before withdrawing the cash at ATMs.
The Basildon Recorder reported that Kevin Bishop, 49, of Dorset Way, Billericay, fiddled the figures at HSBC branches in Hackney, Stoke Newington and Walthamstow, which he managed between May 2002 and August 2009.
Prosecutor Arizuna Asante told Snaresbrook Crown Court: “The fraud has the hallmarks of professional planning.
“It does require someone at his level of authority to work through the intricacies of impersonal accounts and subsequently effectively hide those entries from the auditors over that prolonged period of time.”
Bishop has admitted the fraud, but claims he acted under the orders of three “mystery men” who threatened him with a knife. Mr Asante said Bishop claimed after his arrest that the unidentified men had ordered him to carry out the crime.
He had been due to be sentenced on Saturday but now faces a “trial of issue” on March 11, whereby Judge John Hand will decide which version of events is true, unaided by a jury.
Judge Hand warned Bishop: “I am not inclined to accept this mitigation unless I am convinced by hearing evidence on it.”
Bishop claims he had to hand over all the cash to them and has been left in debt. The court heard HSBC will recoup its losses by stripping Bishop of his hefty pension.
Bishop admitted fraud by abuse of a position of trust.
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