A Sussex-based financial adviser has been ordered to appear before a Crown Court for his role in a £1m investment fraud.
John Field, 77, appeared before Hastings Magistrates Court on 10 September, charged with 12 offences of fraud by abuse of position, after an investigation by the Sussex Police Major Fraud Unit discovered he had stolen £1,021,944 between Febraury 2004 and August 2013.
Field is alleged to have abused his position as director of Meads Financial Consultants Ltd, an independent legal advice firm, to obtain the funds from 33 people who believed he would then invest it on their behalf.
Following the hearing at Hastings Magistrates Court, Field was ordered to appear at an as yet undisclosed Crown Court on 13 October.
The case is ongoing.