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A banker who stole £140,000 of customers’ money to pay off gambling debts has been jailed for two and a half years.
Alexander McGregor-Hill, 26, started transferring money from clients’ accounts into his own in 2007, after falling into debt.
He planned to pay back the stolen money with a bonus, but the downturn in the economy meant the expected windfall was cancelled. The banker hoped his gambling would recoup the money, but instead his losses grew, and with it the volumes of cash he was stealing.
The losses were only discovered after McGregor-Hill left his job last summer. He was arrested shortly after City of London Police officers were contacted.
The force’s DI Dave Carter said: "While many fraudsters are increasingly relying on technology to underpin their crime, there are still a sizeable number who rely simply on their position within an organisation.
"This case is a prime example of that: a man who took advantage of the trust placed in him by his employers and by his clients to steal a sizeable sum of money."
