HBOS Scammers Must Pay Back £10M Over £245M Loan Plot

Law360, London (September 12, 2019, 1:52 PM BST) -- A financier who masterminded a bank loan scam that bilked £245 million ($300 million) from HBOS PLC and his wife were ordered by a London judge on Thursday to pay back more than £10.4 million.

Financier David Mills and his wife, Alison, must pay back £10.4 million for their part in the £245 million HBOS loan scam, or else face up to an additional decade in prison. (Getty) David and Alison Mills bankrupted companies as they funded their expensive lifestyle through a massive scam that took advantage of bank customers already in dire straits by forcing them to work with Mills'...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!