Former financial adviser admits to £1m fraud

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A former financial adviser has admitted to defrauding clients out of more than £1m over a 20-year period.

Malcolm Green admitted to 19 counts of fraud by abuse of position and 20 counts of obtaining a money transfer by deception. He also admitted three counts of false accounting at North East Derbyshire and Dales Magistrates' Court, the Grantham Journal reports. Green entered no plea to two other counts of fraud, which the prosecution said would be withdrawn, although they may be reinstated at a later date. The 57-year-old was arrested earlier this month following an investigation by Derbyshire Police into his business, MG Financial Services. His offences stretch back to 1992 and he...

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