TPR to prosecute charity chairman for pensions fraud

The Pensions Regulator (TPR) is prosecuting the former chief executive officer and chairman of charity Yateley Industries for the Disabled on suspicion of defrauding the organisation’s pension scheme.

Patrick McLarry, 70, has been accused of transferring more than £250,000 from Yateley Industries’ pension scheme between April 2011 and September 2013, when he was acting as the charity’s chief executive officer and chairman. He is facing a charge of fraud.

His wife, Sandra McLarry, 59, is also being prosecuted by TPR on four charges of money laundering, conducted during her time as the secretary of Yateley Industries’ board. This is the first time that TPR has brought a prosecution for this offence.

Fraud by abuse of position is an offence under section 1(2)(c) of the Fraud Act 2006; this carries a maximum sentence of 10 years’ imprisonment. Money laundering is illegal under section 327 of the Proceeds of Crime Act 2002 and has a maximum sentence of 14 years of imprisonment.

The Patrick and Sandra McLarry have been summonsed by Basingstoke Magistrates’ Court to appear on 19 March 2019.

Hampshire-based Yateley Industries works to help increase the opportunities for people with disabilities in employment.

Yateley Industries was unavailable for comment at the time of publication.