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Adviser jailed for £290,000 fraud

A financial adviser has been sentenced to two years and four months in jail after stealing £290,000 from two elderly clients, according to reports.

According to The Derby Telegraph, adviser Leanne Nicholson persuaded one client to loan her £80,000 and another to part with £210,000.

Nicholson claimed she intended to pay the money back but pleaded guilty to six counts of fraud by abuse of position.

Sentencing her at Derby Crown Court, Recorder Andrew Smith QC said: “You substantially abused your position as an independent financial adviser.

“The effect of your offending is not to be under-estimated, you have caused them (the victims) stress and anxiety and introduced uncertainty into their lives and that of their families.

“[One of the victims] told police your actions had made him want to die and these events had ruined his life.”

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