Barclays bank manager jailed for fraud

27 February 2008

A former branch manager at Barclays bank has been jailed for 20 months after stealing a little over $242,000 from his employers and acquaintances.

British man Mark Gidlow not only stole from the bank but also took money from relatives and a colleague over four-and-a-half years.

According to the Clitheroe Advertiser, Mr Gidlow pleaded guilty at Preston Crown Court to four counts of theft and three offences of obtaining money by deception from December 2000 to May 2005.

He convinced his parents-in-law, Kenneth and Nola Croft, to invest $37,600 in a "low risk, easy access account" but the money actually went into an account held by him. He also took out six bank loans using their details.

Mr Gidlow also conned one of his co-workers at the bank and forged banking correspondence and other documents.

Presiding judge Edward Slinger told the 46-year-old: "There were disgraceful breaches of trust. You had a front of respectability, experience and absolute honesty. People trusted you and you quite deliberately let them down and extracted money from them.

"Someone who is in a position of trust, in which you have been, who has carried out complex frauds involving different victims, must know that immediate custodial sentences have to be passed."

Mr Gidlow admitted to having run up $80,000 in credit card debts alone and was jailed for 20 months.

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