Ex-PosSol adviser ordered to repay £55k

A former Positive Solutions adviser has been ordered to repay £55,000 to clients under the Proceeds of Crime legislation.

Selkirk-based Angela Lauder, trading as Angelus Financial Planning under the PosSol brand, was last year found guilty of having stolen £158,666 from clients. The offence took place between May 2008 and June 2010.

Lauder fraudulently told insurer Friends Provident that a couple she was advising had approved the withdrawal of monies from their investment fund. 

She was jailed for 16 months after admitting to the offence in Selkirk Sheriff Court in November 2013.

Lauder was originally ordered to repay the full sum to clients under Proceeds of Crime legislation, but this has now been reduced to £55,000 following negotiations.

The full sum must be repaid by April 2015.

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  1. Almost 3½ years to reach a conclusion. The wheels of justice sure grind slowly. What if she no longer has £55,000? And what of the other £103,666? I hope the rest of us don’t have to pay it back via the FSCS.

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