Dagenham bank clerk jailed over £75,000 fraud

A bank clerk from Dagenham has been jailed for 15 months today after committing fraud worth £75,000.

Olusegun Fabusoye, 29, from Ford Road, ordered replacement debit cards at Lloyds Bank on Woolwich High Street, south east London, where he worked.

He then forged signatures and used fake driving licence numbers to indicate the customers had collected them – before passing them on to people who used them to buy electronic equipment in the UK and Dubai.

When debit cards were ordered against 11 high-value customer accounts bank staff became suspicious, realising none of the customers lived near the branch.

Most were based in affluent areas of London and the south east, while others lived in the north of England.

Fabusoya, who denied the charges, was found guilty today following a trial,

Dave Carter, head of the Met Police and City of London Police’s dedicated cheque and plastic crime unit (DCPCU) said: “Fabusoye committed a serious offence, abusing his position of trust to defraud bank customers, which is why we are pleased he has received a lengthy prison sentence.

“While he was working as part of a wider criminal network, as the bank insider this fraud could not have been committed without his involvement.

“In addition to his prison sentence, Fabusoye forfeited £2,000 seized by officers at his home at the time of his arrest.”

The sentence at the Old Bailey follows a DCPCU investigation, a specialist police unit sponsored by the banking industry through industry group Financial Fraud Action UK.