View more on these topics

Thompson denies fraud

A former director of Staffordshire Building Society has denied multiple charges of fraud.

Andrew Thompson, who earned £102,000 a year as customer services director at the Staffordshire, pleaded not guilty to six charges when he appeared at Wolverhampton Crown Court on Monday, last week.

Thompson is charged with two counts of dishonestly obtaining wrongful credit relating to a share account at the building society, and not taking the appropriate steps to ensure that the credit was cancelled.

The first charge, concerning an offence allegedly committed between March 13 2000 and December 17 2001, relates to a sum of £23,122; the second, between April 13 2001 and December 17 2001, is for £19,060.

Thompson also denies three charges of false accounting. It is alleged that on March 28 2000, Thompson falsified a cheque for £350, claiming it to be for legitimate business expenses.

Recommended

Genesis Approved signs two more lenders

Genesis Approved, the intermediary mortgage club of Genesis Home Loans plc, has added two lenders to its direct submission panel, which now comprises 14 mortgage lenders. Genesis Approved members now have access to BuildStore – the leading provider of mortgage products and related services to the self-build and renovation market. BuildLoan from BuildStore is the […]

Virgin One rebrands with £15m ad campaign

The Virgin One account is to rebrand as The One account as part of the deal that saw The Royal Bank of Scotland buy the company outright from Virgin and AMP in July 2001. A £15m ad campaign using the classic children&#39s TV show Hector&#39s House is launching The One account on national TV and […]

Technology company offers new toolkit for mortgage networks

A technology company is targeting mortgage networks with a range of sales and illustration tools to help boost business. Mainstream Computing previously concentrated on sales tools for financial institutions, but has added mortgage intermediaries and networks to its list after concluding that existing technologies are inadequate. Dr Mark Blakey, manaing director of Mainstream Computing, says: […]

Norwich Union lowers bonus rates and payouts

Norwich Union has announced new regular bonus rates and payouts for with-profits policies for 2003 which are lower than those in 2002. The insurance giant says the decrease is a direct result of the continuing poor stock market environment. The policy provider points out that even with reduced payouts, maturing policies are still providing competitive […]

Newsletter

News and expert analysis straight to your inbox

Sign up