Scourfield was branded 'utterly corrupt'
Lynden Scourfield was branded “utterly corrupt” after taking bribes of cash, expensive gifts and orgies with high-class escorts.
The kick-backs were in return for working with a gang of fraudsters led by David Mills. Scourfield, 54, was a senior director for high street bank HBOS in charge of saving struggling businesses.
He promised to save firms from going bust but only if they hired Mills and his henchmen as “consultants”.
The kick-backs were in return for working with a gang of fraudsters led by David Mills
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It involved a rapacious and utterly corrupt senior bank manager letting vastly greedy people get their hands on honest people’s money
Judge Martin Beddoe
Millions of pounds were pumped into the businesses in HBOS loans, London’s Southwark Crown Court heard.
Mills and his gang systematically fleeced the firms by charging exorbitant consultancy fees, the court heard.
When they went bust he made more cash by selling any remaining assets. Married Scourfield, of Greenford, Middlesex, admitted conspiracy to corrupt, money laundering and fraud.
The court heard he made about £500,000 between 2003 and 2007.
Scourfield had spent money for birthday parties in Barbados, Russia and Thailand
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Jailing him for 11 years and three months, Judge Martin Beddoe said: “This was not just about a corrupt bank manager lending money to those he shouldn’t have.
“It involved a rapacious and utterly corrupt senior bank manager letting vastly greedy people get their hands on honest people’s money.”
Scourfield was guilty of a “monumental betrayal” after Mills got “his claws” into him.
“He was the devil to whom you sold your soul for sex and for luxury trips, for bling and swag.”
To Mills and his henchmen, Scourfield was the “goose who was laying golden eggs,” Brian O’Neill QC, prosecuting, told the jury.
Scourfield had the use of an American Express card for private spending, lavish hospitality and birthday parties in Barbados, Russia and Thailand.
He was treated to Viagra-fuelled sex parties with call girls, the court heard.
Simon Russell Flint QC, mitigating, said: “He saw the lifestyle and rewards that were on offer to him and he succumbed to these benefits.” Mills, 60, of Moreton-in-Marsh, Glos, was jailed for 15 years and his wife Alison, 51, was given three-and-a-half years.
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Consultant Michael Bancroft, 73, of Shipston-on-Stour, Warks, was jailed for 10 years.
HBOS banker Mark Dobson 56, of Barnsbury, north London, was sentenced to four-and-a-half years.
Accountant John Cartwright, 73, of Hyde, Greater Manchester, was given three-and-a-half years.
They were found guilty of offences including conspiracy to corrupt, fraudulent trading and plotting to conceal criminal property earlier this week.
HBOS crashed in 2008 leaving taxpayers to foot the £20.5billion bill.
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