Ex-IFA jailed for six years for £500k elderly client con

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A former IFA has been sentenced to more than six years in jail for conning elderly clients out of £468,000.

James Robert McPhail promised to safely invest his victims' money. But he was in fact paying their savings directly into his business account to support one of his struggling companies. Between February and December 2009, he defrauded six individuals or couples, including three retired couples and a retired woman in her 70s, the Surrey Comet reports. McPhail pleaded guilty to five charges of fraud and was sentenced at Guildford Crown Court on 21 July. Detective Sergeant Debbie Crouch said: "This court hearing was the culmination of a long and complex investigation by Surrey Police ...

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