Bent lawyer ripped off his clients so much he called his firm ‘ATM’

A bent lawyer who called his firm ‘ATM’ because he drew so much money out of it has been jailed for 14 years for pocketing more than £20 million of investor’s cash. Timothy Schools, 61, ran a scheme financing loans to law firms for ‘no win no fee’ cases. More than 500 investors sank more than £100m into the The Axiom Legal Financing Fund scheme, which claimed to insure lenders against unfinished cases or solicitors going bankrupt. All the money…