July 24, 2024

## Mother Deceives Family and Friends Of £500,000 to Sustain ‘Money Obsession’

Annabelle Allan is a 29-year-old mother who took on a false persona as a hard-working employee at Lloyds Bank. In truth, she had fallen into a vicious cycle of debt, sparked by a payday loan at 18, and resorted to scams to amass £500,000. The people closest to her, including her own brother, were her victims, with one individual losing their entire life savings due to Allan’s deceptions.

Allan, hailing from Halifax, West Yorkshire, was so proficient in her schemes that her brother ended up in court with a debt nearing £17,000 due to loans she had secretly taken out in his name. Her vicious web of lies eventually backfired, resulting in a four-year prison sentence.

Allan’s brother had to slog for months to restore his credit score and clear his name. Ultimately, he had no choice but to cooperate with the police in pressing charges against Allan. From the investigation, it was found that Allan had used her IT position at the Lloyds data centre to orchestrate a fraudulent share scheme.

Between 2017 and 2019, Allan convinced family and friends to invest in this scheme. She swindled £330,000 which she ‘recycled’ back to investors, making it seem as though they were making returns on their investments. When the returns eventually halted, Allan was confronted. In response, she wrote cheques, forging her father’s signature. These cheques ended up bouncing.

Allan’s attorney, Gurdit Singh, revealed how her debt from an 11-year-old payday loan had escalated beyond her control, leading her to concoct these scams in desperation. Despite suing their daughter, Allan’s victims provided character references on her behalf, making it a truly unusual case.

Despite some victims being reimbursed by Lloyds, nearly £170,000 remains inaccessible. Allan’s litany of wrongdoings also included forged signatures and fabricated letters posing as police or solicitors. Her activities were investigated by the bank in early 2019, leading to her termination following a four-month suspension.

Ironically, Allan continued her fraudulent activities while on bail – selling three vehicles under one of her company names, and pocketing £37,000 in her personal account. On LinkedIn, Allan painted a picture of a ‘bubbly, hardworking’ individual with a ‘thirst for knowledge’.

Judge Bryan Cox KC commended her persistence and sophistication in the elaborate scams but condemned her for her lack of empathy and regard for her victims. She reportedly feels immense guilt over the strain she put on her family, friends, and particularly, her brother.

### Frequently Asked Questions

**1. What was the nature of Allan’s fraud scheme?**

Annabelle Allan devised an intricate share scheme while working in IT at the Lloyds data center. She persuaded people to invest in the scheme, creating the illusion of returns by ‘recycling’ the money back to investors.

**2. What was the outcome of Allan’s criminal activities?**

Allan’s deceitful operations earned her a four-year prison sentence. Though Lloyds Bank reimbursed some victims, almost £170,000 is still unaccounted for.

**3. How did Allan continue her fraudulent acts while out on bail?**

While on bail, Allan sold three vehicles under one of her company’s names. She managed to sell only two vehicles and received payments totaling £37,000 in her personal account.