An insurance salesman and an accountant have been jailed for their part in a £10m Ponzi scheme targeting British expats in Majorca.
John Hirst and Richard Pollett were sentenced at Bradford Crown Court today.
Along with his wife, also found guilty, Hirst used the proceeds from redundancy payments from former Yorkshire miners in the 1990s to pay for lavish holidays and honeymoon celebrations.
Judge Jonathan Durham-Hall QC said those targeted by the pair were mainly ordinary, hard-working people who put their pensions and savings into the scheme after being promised huge returns and a risk-free guarantee.
Many were elderly or divorced and all were decent and trusting, he said.
According to the BBC, Judge Durham-Hall said to Hirst: "You wanted it all - get rich quick.
"You had the greed and the desire for the high life, which overcame all morality."
The judge told Hirst and Pollett: "You are through and through common criminals. What you did, and what makes this case of the utmost gravity, was brutal, callous and cruel. You are corrupt.
"This was an appalling and shocking course of conduct in which so many were targeted and so many have, in effect, had the remainder of their lives shattered and ruined."
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