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Finance News: A senior executive at Lloyds Banking Group has been found guilty of stealing tiny Lloyd’s TSB branded pens and selling them at car boots sales across the UK.

A Crown Court today found Milton Reynolds, 46, guilty of stealing thousands of the tiny pens – found in branches for customers to fill out paying-in slips and draw cocks and moustaches on loan leaflets.

It is thought that over a period of eighteen months Reynolds stole over 3,500 of the little pens and sold them at car boot sales across the UK, netting himself tens of pounds in profit.

The court heard his colleagues first became suspicious when Reynolds kept leaving work with a large, stuffed sports bag.

“It made this crunchy sound as he walked,” said one witness. “When I confronted him, he said it was his gym bag and it had a towel in it. But towels don’t make that kind of sound – I’m very observant like that.”

It is thought Reynolds could have made thousands from the scam, had it not been for the cost of petrol and the entry fee for the car boot sales. “He’s never been the best at maths,” said his Mum.

Story: Simon Swatman


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