HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds

Bank denies star’s claim £100m scheme is a ‘sham’ as only one victim of loans scam has received compensation

Five months after a high court judge handed out lengthy jail terms to a group of financiers who left business owners “cheated, defeated and penniless”, only one of the victims of the HBOS fraud has received compensation.

Lloyds Banking Group – which rescued HBOS in 2008 after the fraud took place – has set aside £100m for redress but now has little chance of meeting a month-end deadline it had set to make offers to all 64 victims.

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