Adviser avoids jail after stealing from own firm

clock

A financial adviser has avoided jail after admitting to stealing money from his firm while his partner had cancer.

Jonathan Bruce, a partner at former TenetConnect appointed representative Bruce and Flint Consultancy, falsified the books to hide unofficial drawings totalling £1,750 between January 2008 and January 2009. He was given a 10-month jail sentence, suspended for 12 months, and 100 hours unpaid work after he pleaded guilty at Teesside Crown Court, the Evening Gazette reports. Bruce kept his business partner, Neil Flint, away from the office during his illness and used the newest member of staff at the firm to produce paper records of the cash flow and income to try and cover his tracks. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read