A private banker at an arm of Credit Suisse Group has been jailed for three years because of an elaborate scheme he devised to swindle investments from Golden Harvest executives. Peter Chan Shiu-wing destroyed his career and marriage as a result of an 'elaborately thought-out and well-planned scheme, systematically executed', Mr Justice Azizul Suffiad told the Court of First Instance yesterday. The 31-year-old Chan is now also bankrupt. Chan acted not from monetary greed, the judge stressed, but the sheer desire to hold on to his job as an exclusive banker with Swiss Volksbank. '[Your] motivation was borne out by your desire to retain your position with the bank,' the judge told Chan. Chan was recruited by the bank in 1994, but by August 1996 his performance was dubbed 'moderate' by his bosses when he failed to meet targets. The banker was given three months to improve his client base. This led him to use the promise of bogus interest rates of 15 per cent on US dollar time deposits to lure clients into investing with the bank. Two such clients were Golden Harvest chairman Raymond Chow Ting-hsing and fellow director Peter Choy Tuk-sang. The latter deposited US$26.2 million, while Mr Chow took out a $2 million loan with the bank in late 1996. Chan's family connections had been exploited to bring such high-profile clients on board, a jury was told. His father, a doctor, was good friend with Mr Choy. For six months, Chan used computers to falsify information and confirmations of transactions as well as forging signatures. A jury returned a guilty verdict last week for charges that included false accounting. However, although Chan was acting in a manner prejudicial to his clients, neither was out of pocket as a result of his acts. 'I accept that the evidence from the victims show they have not lost out in monetary terms from any of these transactions,' the judge said. 'But that was only because a settlement had been reached between them and Credit Suisse, which took over Swiss Volksbank.' As far as Credit Suisse was concerned, it was not apparent how much was lost in monetary terms, the judge said.