IFA jailed for 21 months for £90K theft

Andrew Payne was jailed for 21 months and banned from being a company director for five years at Teeside Crown Court today. He also faces bankruptcy after leaving his two victims in financial hardship, with one forced to sell his home to provide income to live on, the Teeside Evening Gazette reports. Payne poured clients' money into paying off personal debts as his businesses collapsed amid a doomed Greek property venture. One investor lost £87,187 of the £90,000 he handed over to the IFA, the court heard yesterday. The loss affected his health, he became overdrawn and lost his ...