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London - A British bank employee who stole huge sums from his employer left a note in a safe admitting he had "borrowed" £7-million, a court was told on Tuesday.
In fact, the true scale of financial consultant Graham Price's theft and deception totalled nearly £10-million, the Swansea magistrate's court in South Wales heard.
Price faces 43 separate charges and asked for a further 263 offences to also be considered by the court.
Asked whether he admitted the charges, the 58-year-old Price said: "Each and every one."
Prosecutor Linda Baker said Price was working for the Halifax Bank when he stole the money from the bank and dozens of investors over a four-year period from 2001.
He was found out when a cash audit was carried out at the branch and three boxes taped together were found in a safe.
Inside one of the boxes was an envelope containing a note which read: "Borrowed, seven million pounds from the Halifax", signed by Price.
The former banker will be sentenced next month. - Sapa-AFP
http://www.davesdaily.com/out.php?id...8430622984B216
In fact, the true scale of financial consultant Graham Price's theft and deception totalled nearly £10-million, the Swansea magistrate's court in South Wales heard.
Price faces 43 separate charges and asked for a further 263 offences to also be considered by the court.
Asked whether he admitted the charges, the 58-year-old Price said: "Each and every one."
Prosecutor Linda Baker said Price was working for the Halifax Bank when he stole the money from the bank and dozens of investors over a four-year period from 2001.
He was found out when a cash audit was carried out at the branch and three boxes taped together were found in a safe.
Inside one of the boxes was an envelope containing a note which read: "Borrowed, seven million pounds from the Halifax", signed by Price.
The former banker will be sentenced next month. - Sapa-AFP
http://www.davesdaily.com/out.php?id...8430622984B216
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