IFA jailed after stealing £330k from clients

Dr Adrian John Bancroft took £336,000 from five customers during a seven-year scam until his arrest last year. He was jailed for three years at Teesside Crown Court yesterday after police brought 18 charges against him. He had pleaded guilty to all charges on 22 July. They included using dishonesty and false representation to make gain. Bancroft is listed on the FSA Register as being approved for customer and compliance functions at UK Expatriates Independent Financial Advisory Services (UKEIFAS). Last May, the FSA warned consumers who bought financial products through UKEIFAS t...