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Adviser who stole £35k from elderly couple jailed

A financial adviser who stole £35,000 from an elderly couple is facing jail after pleading guilty to theft, the Hull Daily Mail reports.

Glen Manson, an adviser at Bridlington-based firm Lloyd Dowson Ltd, told John Anderson, 86, and his wife to invest the money in a company, promising a return of 6 per cent.

Manson confessed to taking the cash following an investigation by Lloyd Dowson and subsequently paid the money back. Despite this, he was this week sentenced to two years in prison and must also carry out 250 hours of unpaid community service.

Sentencing at Hull Crown Court, recorder Mark McKone said: “This was a disgraceful offence.

“Mr Anderson was a long-standing customer who regarded you as a friend. Can you imagine the distress and feeling of betrayal the he felt before he died?

“You have no previous convictions, you have been a hardworking man, you got good A-levels, you served in the RAF, you have worked all your life and you have provided for your family.

“People cannot buy their way out of prison but it is a fact you have not gained from this crime.

“I accept you were going through a period of extreme financial instability following the breakdown of your marriage and I accept your circumstances must have been extreme for you to do such a bad thing.”

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. Terribly sad. I suppose this is “justice” but in the context of the great credit crunch swindle pulled off by the heads of Investment Banks, where billions have been effectively stolen, and all taxpayers have bailed out Banks it is still disturbing that “justice” seems only to be served to the small, easy to pressure “criminal”. The same standards simply do not appear to apply. We are all having to live with the consequences of the actions of a relatively small number, who appear to be above the law or regulator. So fairness… probably not.

  2. Is a prison sentence appropriate? I ask because there are many examples in our local press where thugs carry out appalling acts of violence, plead mitigating circumstances and avoid a prison sentence. In these cases there are victims here equally traumatised as this elderly couple. The arguments at present are that prison does not reform, it costs too much to lock people up and is a way of society exacting revenge on wrong doers. What does prison achieve here?
    I am actually confused as to what message our justice system is sending out at present.

  3. I hope he does go to prison as anybody stealing client money should, but when can we also expect a prison sentence for those involved in LIBOR rigging etc.

    To my knowledge not one has been sentenced to prison.

  4. As it happens, an example today of someone local who kicked a cat to death, set in on fire and still avoided a jail sentence.

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