UK. Pension trustee admits stealing £280,000 from pension scheme
An accountant and pension trustee being prosecuted for fraud by The Pensions Regulator has admitted stealing over £280,000 from a pension scheme.
TPR says the accountant used the scheme like a “personal piggy bank.”
In TPR’s inaugural fraud prosecution it heard Roger William Bessent plead guilty to five counts of fraud and two counts of making employer-related investments at Preston Crown Court today.
The regulator will ask for three other counts of employer-related investments to be left to lie on file.
Bessent, from Preston, moved the money from the Focusplay Retirement Benefit Scheme into struggling and new businesses he part owned, run by himself, his family and a client.
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