Christopher Mark Wathen, a client relationship manager for a bank, has been handed an 11-year bankruptcy restrictions from 3 January for abusing his position of trust by stealing clients money and using it to fund his lifestyle and to gamble.

Mr Wathens ban follows an investigation by the Insolvency Service.

Mr Wathen (36) has given an undertaking to the Secretary of State for Business, Innovation & Skills, to be bound for 11 years, by the restrictions set out in insolvency law that a bankrupt is subject to until they are discharged from bankruptcy normally 12 months until 2025. In addition, he cannot manage or control a company during this period without leave of the court.

The investigation found that Mr Wathen was entrusted to advice the banks customers on investment opportunities and on maximising their returns. He abused this position of trust by misappropriating 87,365 from two customers investment portfolios and transferring it into to three of his own bank accounts.

When a colleague became aware of the transfers, the bank commenced their own investigations and reported the matter to the West Midlands Police.

Commenting on the case John Taylor, Official Receiver for Central Midlands Official Receivers office said

Mr. Wathen held a position of trust, which he took advantage of, choosing instead to exploit this for his own gain.

Mr. Wathens actions were of a serious nature that resulted in a custodial sentence and gaining an eleven year bankruptcy restriction undertaking will deter others from committing similar acts and uphold the integrity of the insolvency regime.

On 18 January 2013 a bankruptcy order was made against Mr Wathen on his own petition. On 5 September 2013 he was sentenced to 2 years 3 months in prison for fraud.