Southwark Crown Court found Brian Copsey, 60, guilty of fraud by abusing his position as Finance Chairman and Company Director back in April. Copsey was jailed for 8 years and disqualified for 12 years from being a Company Director.
Copsey was entrusted with the position of Finance Chairman and Director of two companies that were set up to manage the funds collected from tenants’of Bryanston Court in Westminster for Service Charge and Reserve Funds; and in turn Copsey controlled the bank accounts where these funds were held.
The board of Bryanston Court, Westminster involved the police when they found out a cheque for the sum of £1.8 million had bounced! Copsey was arrested and an investigation was undertaken revealing that over a two year period Copsey had made a number of bank transfers from the two accounts to him and a number of recipients including his wife.
It appears that the total amount taken amounted to £1,160,525.
The victims of Copsey’s act were neighbours and friends all living in the same block as him, some elderly and retired. It was also noted that some had to take out loans to pay for their contribution to the Service Charge and Reserve Fund.