A Liverpool-based financial adviser, jailed for conning pensioners out of £1.3m, has had his attempt to cut his sentence rejected.
Michael Francis Mawdsley was given an eight year sentence by Chester Crown Court in May for targeting the recently retired and claiming commission on policies set up in his clients' names, but with false dates of birth and foreign addresses. His appeal was rejected at the Court of Appeal in London in less than five minutes, Chester First reports. Mr Justice Blake, who adjudicated on the case with Lord Justice Laws and Judge Richard Brown, said Mawdsley had committed the "grossest breach of trust" possible. During the original case, the court heard how the adviser attracted clients ...
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