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Ex-Lloyds adviser found guilty of £260k fraud

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A financial adviser has been found guilty of defrauding an elderly woman out of more than £260,000.

Carl O’Connell was charged with defrauding two pensioners out of £290,000 earlier this month.

But a jury did not find him guilty in relation to one of the cases, the Bristol Post reports.

O’Connell was accused to diverting the savings of 88-year-old Helen Smith and 95-year-old Joyce Harper into his own accounts.

It was claimed O’Connell, a former Lloyds Bank employee, took £265,020 from Smith prior to her death in January, and a further £25,550 from Harper.

O’Connell denied five frauds regarding Smith, which related to claims that Smith said the money was for investments but then was diverted to his own accounts.

The jury found him guilty of defrauding Mrs Smith of £260,105.

A jury failed to reach a verdict on whether he had taken £15,000 from Harper, and cleared him of the remaining charges.

The Crown Prosecution Service has three weeks to decide whether to further pursue the charges on which the jury failed to agree.

O’Connell was bailed pending the next hearing on 4 August.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Wonder how long he will get.

    No loss to the industry.

    • David; “No loss to the industry” ?

      Only reputation, don’t you know we all get tarred with the same brush !
      Pity the good things we do don’t get the same kind of press ! yes we are all equal…… equally bad, in regulators and presses eyes !!

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