A former Honister adviser has been jailed for two years and nine months at Winchester Crown Court for a £380,000 fraud.
The Salisbury Journal reports former Honister Partners adviser Angus McClymont pleaded guilty to 14 counts of fraud by abuse of position between 2008 and 2011.
The court was told many of the victims were of early retirement age. It also heard £300,000 of the money stolen was still outstanding.
The prosecution said: “Some of the victims were existing clients he had given honest advice to, others were referrals and some were obtained through cold calling. As well as acting as a financial adviser, he would offer to invest their money for them.”
The defence told the court McClymont had been going through a difficult period of his marriage and his child had suffered from health problems.
Sentencing McClymont, Recorder Andrew Barnett said: “This is an appalling case of confidence fraud where you as a financial adviser behaved in a thoroughly dishonest way.
“You should be utterly ashamed, you ruined people’s lives I have no doubt. You have put back a certain amount but I understand there is still £300,000 outstanding, which is an awful lot of money.”