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Canary Wharf banker who stole £75,000 is jailed

PUBLISHED: 16:00 14 June 2010 | UPDATED: 16:09 05 October 2010

A FORMER banker who stole tens of thousands of pounds from his employer has been jailed. Police say 37-year-old Richard Carlyle Alexander Brown, who worked for Bank of New York Mellon in Canary Wharf, pleaded guilty to one count of fraud and one count of

A FORMER banker who stole tens of thousands of pounds from his employer has been jailed.

Police say 37-year-old Richard Carlyle Alexander Brown, who worked for Bank of New York Mellon in Canary Wharf, pleaded guilty to one count of fraud and one count of attempted fraud and was sentenced to 20 months' imprisonment at Snaresbrook Crown Court last week.

Brown stole £75,000 and had attempted to steal another £15,000 from the bank, which has an office based in the One Canada Square tower.

BNY Mellon realised the cash was missing during an audit of its funds last year and reported the matter to Tower Hamlets police.

Cops say a meticulous investigation by BNY Mellon and police provided overwhelming evidence and Brown admitted both allegations.

Det Sgt Steve Butters said: "This was a person who had worked at the bank for several years and decided to use his privileged position to steal money from his own employer.

"Mr Brown believed that he had covered his tracks and the fraud would not be discovered.

"He had not bargained on the determination of the company's investigators and Tower Hamlets police in bringing him to justice.

"The custodial sentences handed to Mr Brown sends out a clear message to other people who abuse their position of trust that when caught they too will face time in prison.


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