A former Lloyds bank boss from Croydon, who was in charge of online security, admitted a £2.4 million fraud today.
Jessica Harper took the money over a four-year period while working as head of fraud and security for digital banking at Lloyds Banking Group.
Harper stood in the dock at Southwark Crown Court and admitted a single charge of fraud by abuse of position by submitting false invoices totalling £2,463,750.
She also admitted a single charge of transferring criminal property, the money, which she had defrauded from her employers.
The 50-year-old carried on the fraud between December 28 2007 and December 21 last year, the court heard.