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December 9, 2009updated 12 Apr 2017 4:29pm

RBS asset finance manager jailed for £70,000 gambling swindle

An asset finance manager from the Royal Bank of Scotland (RBS) has been jailed for two years after deceiving his employers out of £70,000 (77,600) over a nine month period. Yuen Fai James Lee abused his position as an asset finance manager at RBS to create false transactions or non-existent transactions for clients, Clare Stevens, prosecuting, told Bradford Crown Court.

By Jason T

An asset finance manager from the Royal Bank of Scotland (RBS) has been jailed for two years after deceiving his employers out of £70,000 (€77,600) over a nine month period.

Yuen Fai James Lee abused his position as an asset finance manager at RBS to “create false transactions or non-existent transactions” for clients, Clare Stevens, prosecuting, told Bradford Crown Court.

Lee, 37, joined RBS in September 2005, after being “allowed to leave” another financial institution following the discovery of a fraudulent transaction.

When arrested, Lee told police of his gambling addiction, which was said to date from his adolescence. He also admitted to defrauding his girlfriend for £20,000, which his family has now paid back.

In mitigation, Gillian Batts said Lee had been frank about his crimes.

“He is remorseful about what has happened. He has been engaging with Gamblers Anonymous and he has not placed a bet for one year and two days,” she added.

Jason T Hesse

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