Fraudster ordered to repay £250,000 of stolen scheme funds

Hope William-Smith
clock • 2 min read

The former trustee and chief executive officer of Yateley Industries for the Disabled has been ordered to pay back £250,000 he stole from the charity’s pension scheme.

Patrick McLarry of Bere Alston in Devon appeared in Salisbury Court today (4 September) seven months after he was sentenced to five years' jail over the fraud. He transferred the £250,000 into p...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Steve Hitchiner is president of the Society of Pension Professionals

SPP: The uncertainty over the chancellor's Autumn Statement

Steve Hitchiner says it would be a mistake to try and rush through Autumn Statement policies

Steve Hitchiner
clock 05 December 2023 • 4 min read
Jeremy Hunt made the pot for life announcement as part of today's Autumn Statement

'A sea-change in workplace pension provision' - reaction to pot for life proposals

Industry says reforms raised questions for employers and needed careful consideration

Jonathan Stapleton
clock 22 November 2023 • 5 min read
Copyright HM Treasury

Autumn Statement 23: The pension announcements in full

What we know so far on a day of seismic change for the pension industry

Jonathan Stapleton
clock 22 November 2023 • 6 min read
Trustpilot