Christopher Mark Wathen, a client relationship manager for a bank, has been handed an 11-year bankruptcy restrictions from 3 January for abusing his position of trust by stealing clients’ money and using it to fund his lifestyle and to gamble. Mr Wathen’s ban follows an investigation by the Insolvency Service. 
Mr Wathen (36) has given an undertaking to the Secretary of State for Business, Innovation & Skills, to be bound for 11 years, by the restrictions set out in insolvency law that a bankrupt is subject to until they are discharged from bankruptcy – normally 12 months – until 2025. In addition, he cannot manage or control a company during this period without leave of the court. The investigation found that Mr Wathen was entrusted to advice the bank’s customers on investment opportunities and on maximising their returns. He abused this position of trust by misappropriating £87,365 from two customers’ investment portfolios and transferring it into to three of his own bank accounts. 
When a colleague became aware of the transfers, the bank commen......Read more here