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Former Lloyds Banking Group worker admits $3.8 million fraud in court

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LONDON - A former executive in charge of security at Britain's Lloyds Banking Group has admitted she carried out a 2.4 million pounds (US$3.8 million) fraud.

Jessica Harper admitted to submitting false invoices to claim payments over four years while working as head of fraud and security for digital banking at the U.K. retail lender.

The 50-year-old, from London, is accused of taking the money from late 2007 to 2011. She was arrested in December.

Harper was refused bail from Southwark Crown Court Tuesday. She will be sentenced at a later date.

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