Jailed adviser conman must compensate victims

Teesside Crown Court ruled Dr Adrian Bancroft, who is serving a three-year jail sentence for defrauding five clients of his Middlesbrough-based UK Expatriates, must pay £142,264 - all his available funds - in compensation. The 52-year-old IFA and academic was bought back to court under the Proceeds of Crime Act - legislation designed to strip people of assets gained through crime, according to reports. Bancroft made £335,964 from his global scams between 2003 and 2009 through fraud, deception and money laundering. He must pay the compensation within six months or have his prison se...