A Kent-based financial adviser has pleaded guilty to conning customers out of almost £450,000.
Gordon Benville, of Deal in Kent, admitted responsibility for 12 cases of fraud while trading under the name Kingsfield Commercial Funding.
Police arrested Benville in February 2007 after two customers became concerned about their financial status after receiving advice from him.
The FSA immediately suspended Benville and his assets were frozen by Kent Police after an investigation into his bank accounts.
All twelve offences related to obtaining money transfers by deception, totalling £440,637.64, and two of Benville’s victims were pensioners.
He is due to be sentenced at a later date.
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"It makes my blood boil when I read articles like that of Gordon Benville, of Deal in Kent conning people out of money, no matter what age they are, but no doubt it is possibly even worse for pensioners.
It is sad to think that today after all the supposed tightening up of the rules and regulations, that we still have rogue people in our professional industry who cannot sort out their own back yard but seek to pray on those who look up to and trust them. No matter how desperate we could all find ourselves in, you move away from this industry with pride and dignity, not theft and deception.
No wonder the rest of us are paying the price of an over burdened legislative industry due to the likes of him.
Lock him up & throw away the key……..and good riddance." Steve, Watermead FinancialIFAonline
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