Court tells fraudster to repay £290,000 in stolen pensions

clock • 1 min read

A court in England has ordered a former head of a charity to pay back almost £290,000 in stolen funds from the organisation's pension, plus 47,000 in legal costs. The Pensions Regulator (TPR), who brought the legal action, said after the sentencing, "TPR will not flinch from using every weapon in our arsenal to tackle pension fraudsters and will continue to protect savers' retirements." Patrick McLarry was CEO and chairman of the charity Yateley Industries for the Disabled and a director of VerdePlanet Limited. Erica Carroll, director of enforcement at TPR, said: "McLarry abused hi...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.