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Ex-Honister adviser jailed for five years over £85k theft

Former Honister Capital adviser Stewart Sermon has been jailed for five years after stealing £85,000 from elderly clients.

Sermon pleaded guilty to two counts of theft earlier this week. 

He was previously an appointed representative of Burns Anderson, part of the Honister Capital group of networks placed into administration in 2012.

The Crown Prosecution Service says it is in the process of trying to recover the stolen assets to repay victims.

CPS North West head of crown advocate unit Mark Humphries says: “Stewart Sermon deliberately targeted vulnerable elderly people in order to steal vast amounts of money from them, depriving them of their life savings.

“He used a pattern of financially advising victims who had either recently lost a spouse or had no close relatives.  He wrote out cheques to himself and drafted a victim’s will writing himself in as executor.

“The CPS and the police are committed to seeing that those who prey on society’s elderly or vulnerable citizens are brought to justice.”

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