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Fraudster told to pay back 100k or face three years more in jail

A financial adviser jailed for conning elderly and infirm clients out of their life savings has been told he faces an increased prison sentence unless he compensates his victims.

Hugh Rhys Oliver , 49, of Stepaside, Newtown, Powys, was jailed for two years after admitting forgery and deception charges when he appeared before Mold crown court ear- lier this year. The court heard that that he had fraudulently obtained 160,000 from eight elderly or infirm clients.

Now it has been announced by police that under the Proceeds of Crime Act 2002, Oliver must repay 107,000 within six months or face an extra three years in jail. The audit for the court takes into account proceeds from a crime and an offender’s total financial worth.

A spokesman for the Wales regional asset recovery team says: “This is an example of where the asset recovery potential of cases can be used to ensure victims of crime are properly compensated for their loss. The confiscation order means the defendant can be pursued if he fails to pay the order. This is a good result for both the Wales Rart and the innocent victims.”

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