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$1m fraudster jailed three years

By Brandigal (Donna)     Jan 26, 2007 in Crime
A former Dartmouth Scotiabank manager was sentenced to three years in prison for ripping off more than $1 million from his employer.
Rodney Arnold Barton,46, was sentenced for a breach of trust believed to be one of the biggest of its kind ever committed in Canada.
He pleaded guilty in November and was sentenced to 3 years in prison for stealing $1,025,032.17 over an 8 year period.
They have only recovered $30,000 of the money when they froze his ScotiaMcLeod portfolio.
He ,over the years, opened six Scotiabank lines of credit and four Scotia Plan loans under the names of his father, mother, brother, sister, brother-in-law and two non-relatives without their knowledge.
He used those to make payments or to fund his personal stuff. He transferred money with bank drafts, he forged signatures and he did most of this when the bank’s manager of customer service was absent giving him more control over the daily audit requirements so he wouldn't be caught.
But he was caught when he was on vacation, eight envelopes were delivered to him at the bank but the supervisor became suspicious when it was discovered that the envelopes, which were marked for Mr. Barton’s attention, appeared to originate from the bank and were addressed to individual branch customers.
He admitted to doing this when they confronted him and he fully co-operated with police since being arrested.
He was also ordered to pay back the money but he probably will not since he is declaring bankruptcy.
The bank also had to fix the credit of a few customers that he used their names for some of this.
"There were a number of customers who dealt with Mr. Barton who had their credit rating compromised and for whom the bank had to take action to rectify the situation," said John Mair, Scotiabank’s senior manager.
Not bad, steal a million dollars, do 3 years in jail and declare bankruptcy so you do not have to pay it back.
More about $1m, Fraudster, Jailed, Three, Years
 
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