Conviction for fraud is one of the few ways an employer can confiscate an employees pension. Although only to the amount needed to cover the losses they sufferedWill it though. Its not a large amount as far as frauds go. I take it he has no previous convictions. Was of good standing, served his country. Not likely to re-offend. I would be suprised if he got a custodial sentence in a civilian jail. He will keep his pension. He might lose his present job, but I am sure old boy network will see him fine.