A FORMER pension fund boss appeared in court yesterday accused of involvement in a �52 million theft from his customers.
Tony Morris, 48, is said to have been part of a scam which saw beneficiaries of company pension funds ripped-off in 2007 and 2008.
The alleged fraud is said to have been committed through GP Noble, a Nottingham-based independent trustee company which helped manage company pension schemes.
Prosecutors claim the investments made on behalf of the firm's clients were liquidated and transferred out of the UK.
Morris, a founding director of Money Portal, the parent company of GP Noble, appeared in the dock at Southwark Crown Court for a preliminary hearing alongside Peter Malmstrom, 43, who is said to have laundered money.
The two men spoke only to confirm their names.
No charges were put to them and the case was adjourned until July 4.
Morris, of no fixed address, was remanded in custody, while Malmstrom, of Oyster Wharf, Lombard Road, Battersea, London, was granted bail.
At a previous hearing at Westminster Magistrates Court, Morris was charged with conspiracy to defraud and theft.
Malmstrom is charged with money laundering and transferring the proceeds of crime.
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