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Swindling bank manager to repay £25,500
11:00am Friday 25th October 2013 in News
A BANK manager who swindled more than £90,000 out of a pensioner has been ordered to repay £25,500.
Christopher Walsh, of Banbury Road, Kidlington, left 79-year-old Eric Dann, who lived in Oxford, unable to buy food and facing legal action over unpaid taxes.
For four years the former Barclays bank manager defrauded his victim after befriending him and becoming his financial adviser.
Between 2007 and 2011 he helped himself to about £70,000 of Mr Dann’s money and also stole a £20,000 cheque for Bank of England Treasury stock.
In June, he was jailed for three-and-a-half years after he admitted theft and five counts of fraud by abuse of position.
Yesterday the 48-year-old appeared in Oxford Crown Court for a confiscation hearing to try to recover money.
Alistair Grainger, prosecuting, said that financial investigators from Thames Valley Police had determined Walsh could repay £25,500 by selling a house he owned with his estranged wife and elderly mother.
Aneurin Brewer, defending, said that because the defendant’s mother was disabled and did not want to leave the house the case should be adjourned.
But Recorder Patrick Hamlin said Walsh had “wholly failed” to provide the court with information about his finances, and it was up to him to prove his mother would not leave the property.
He ordered him to repay £25,500 within six months, £18,676.47 to go to Mr Dann, and £6,823.53 to the Coventry Building Society, which covered some of the pensioner’s losses.
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