They trusted him with £260,000 of their money, he blew it all on online roulette
Barclays employee Sam McGee was entrusted with his neighbours' money in his role as the Ravenscroft Re-Build Co-operative treasurer...
News Desk
Staff Writer
Published
Jun 25, 2026
Source
Liverpool Echo
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AI Insight:A trusted Barclays employee's reckless spending of £260,000 highlights the risks of entrusting large sums to individuals.
Sam McGee, a Barclays employee and treasurer of the Ravenscroft Re-Build Co-operative, was entrusted with £260,000 by his neighbours. However, instead of managing the funds responsibly, McGee used the money to gamble on online roulette, resulting in the loss of the entire sum. This incident serves as a stark reminder of the importance of proper financial management and the potential consequences of entrusting large sums to individuals, regardless of their professional credentials. The case raises questions about the accountability of those in positions of trust and the measures in place to prevent such incidents from occurring in the future.