Guilty investment adviser gets 8 years in jail for £10m fraud

Graham Hammond, who promised expatriate investors returns of up to 20% and then plundered his clients' accounts, has today been sentenced to 8 years in jail by Norwich Crown Court. The judge hearing the case estimated the sum of money used by Hammond for personal gain at £1.3m, however, the Serious Fraud Office which brought the prosecution says the amount of money missing from clients' accounts is nearer £10m. Hammond was chairman of FCS Fund Management, which had offices in Norwich, Dubai and Hong Kong. The company sold investments mostly through salesmen based in th...