Wealthy HSBC banker faked address and used Jobcentre discounts in £6,000 ‘doughnutting’ ticket scam

Joseph Molloy, 53, used what prosecutors called a ‘sophisticated’ ruse to swerve thousands of pounds in ticket costs

A wealthy banker has been banned from using his local railway after he was caught dodging nearly £6,000 in fares.

Joseph Molloy, 53, used what prosecutors called a ‘sophisticated’ ruse to swerve thousands of pounds in ticket costs while travelling between central London and his £2million home in Orpington, Kent.

The former HSBC executive bought tickets only covering the start and end of his journey ...