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Care home bosses diverted more than £500,000 of funds intended for residents

Insolvency

Three care home bosses have been banned from operating after diverting more than £500,000 of funds intended for residents.

Directors of Elysian Care, husband and wife, Darren William Lloyd (53) and Emma Lloyd (49), were banned for eight and a half years, and Darren’s brother, Adrian Jeffrey Lloyd (50), was banned for five years.

An investigation by The Insolvency Service found more than £500,000 of resident’s fees provided by the local authority between September 2012 and October 2014 were paid into Darren Lloyd’s personal bank account. More than £290,000 of that amount has not been accounted for nor has it been explained whether it was spent on the running of Elysian Care or the care homes’ elderly residents.

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Further enquiries confirmed that the trio abandoned the two care homes and left no funds to provide services for at least 30 residents. This meant staff had to buy essential supplies out of their own pockets, while the two local authorities had to make emergency payments to support the residents.

David Brooks, Chief Investigator for the Insolvency Service, said: “Darren, Adrian and Emma Lloyd were unscrupulous care home bosses. Not only were they culpable for diverting more than £500,000 of funds intended for the care of their residents but they abandoned the people they were responsible for and left staff and local authorities to step in and pick up the pieces.

“Directors are expected to operate in the best interest of the company and removing Darren, Adrian and Emma from the corporate arena will ensure their victims will be protected from further harm.”

Tags : CrimeInsolvency
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The author Lee Peart

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