Former Barclays employee stole £ 127,000 from her bank to cover payday loans she took out to feed her gambling addiction
- Dishonest employee sentenced to two years in prison for fraudulent scam
- The operations specialist “lived a lie” to repay his gambling debts
- She made 200 separate transactions of up to £ 5,000 at a time over three years
- His ruse was discovered when an anomaly of just £ 40 was spotted
Imprisoned: Julia Finney was sentenced to two years behind bars for the £ 127,000 fraud
A former Barclays Bank employee has been jailed for stealing £ 127,000 from accounts to repay payday loans she took out to feed a gambling addiction.
Julia Finney’s ‘sophisticated’ three-year scam only emerged when she made a £ 40 mistake on a transaction as she tried to cover his tracks.
This sparked an investigation and police discovered the 29-year-old had taken out dozens of expensive, short-term payday loans to feed her “serious gambling addiction.”
Finney, from Deritend in Birmingham, admitted the theft of £ 127,471 from Barclays during his spree between January 2010 and January this year.
She was imprisoned for two years.
In defense, Richard Dewsbery told Birmingham Crown Court the former operations specialist “was living a lie” and had lost his job, home and longtime partner.
He said: “It took a psychological toll on Miss Finney.
‘All the money is gone and most of it was played in 2010 and 2011. She was addicted to it.
Finney had worked for Barclays since 2004 and was based out of its Colmore Row branch in Birmingham city center.
The court heard that she made nearly 200 separate transactions using internal accounts, which were not held by clients.
To chase, Patrick sullivan explained that the amounts started at £ 150 and increased to £ 4,000 and £ 5,000.
‘The bank performs unannounced audits twice a year, ”he said.
‘But she used sophisticated methods and managed to avoid being discovered for a long time.
‘Miss Finney also managed to cover her tracks ahead of the holidays by questioning the issues in the hopes of avoiding being discovered by people covering her work.
‘It was discovered due to a simple error in the addition when balancing the accounts and an anomaly of only £ 40 was detected, which led to an investigation.
Mr Sullivan added that Finney admitted the thefts to bank investigators and quit his job before his arrest in February.
Target: Finney carried out his fraudulent campaign at the Birmingham city center branch in Colmore Row over a period of three years
Imprisoning Finney, recorder Richard Benson rejected her argument that she had targeted the bank rather than the customers.
He told her, “It was a serious breach of trust and you used very sophisticated methods to keep stealing and covering your tracks.
Gamble: Finney arrives in court to hear his plight. She had to leave in the back of a prison van
“You never really explained why you did this other than your habit of playing.
“You tell the probation service that you think there is a difference between stealing accounts receivable and stealing from the bank.
“But to steal is to steal. There is a very common misconception that banks and businesses can survive when people seek to rob them.
The Crown has requested a nominal order of £ 1 for an application for proceeds of crime.
Finney, who has no assets, has been warned that she will be prosecuted once released from prison if her financial situation changes.
Yesterday, the Mail revealed that city council would ban computer users from viewing the websites of payday lending companies in its libraries.
The neighboring council of Sandwell in the West Midlands has blocked access to its 19 sites for moral reasons.
Payday loan providers have attracted criticism due to their sky-high interest rates.
Experts said anyone who needs to borrow money should consider a credit union.
One example highlighted was the 6 Towns Credit Union in West Bromwich, which only charged £ 1 in interest to borrow £ 100 for a month.
This compares to Wonga, where the interest and fee is £ 35 for borrowing the same amount for 28 days.