Pension fund boss stole £240k to pay off debts

A THIEVING pension fund administrator helped himself to almost £240,000 to pay off his debts, leaving the small company he worked for on the brink of collapse

- JOHN SCHEERHOUT

David Parker, 37, from Wythenshawe, secretly made 53 transactions under the noses of colleagues at a Manchester-based firm of financial advisers, moving cash into bank accounts he controlled during a four-year campaign of fraud.

The guilt-ridden dad told police about his crimes but cops did ‘nothing’ until an independent financial adviser spotted ‘discrepancies’ and his crimes began to unravel, a court heard. Now he has been jailed.

Parker betrayed the trust placed in him by Multiplex Pension Trustees Ltd, where he worked as a pension fund administrator earning £37,000-a-year.

One of the funds he managed was for an Altrincham clothing company employing 50 people, Miss Mary of Sweden, prosecutor Juliet Berry told Manchester Crown Court.