Lloyds' former head of security admits £2.4m fraud

Jessica Harper, a former head of security at Lloyds Banking Group, has admitted carrying out a £2.4m fraud.

Harper had been accused of submitting false invoices to claim payments totalling £2,463,750 between September 2008 and December 2011. At the time she was working as head of fraud and security for digital banking at Lloyds. At Southwark Crown Court today, Harper, age 50, admitted a single charge of fraud by abuse of position by submitting false invoices to claim payments, the BBC reports. She also admitted a single charge of transferring criminal property, the money, which she had defrauded from her employers. Harper was arrested on 21 December before being charged in May. Carol ...