A Newport-based financial adviser has admitted to fraudulently gaining almost £250,000 from clients and an insurer, as well as perverting the course of justice.
Jeremy Kenneth Sage abused his position between September 2008 and September 2010 to dishonestly gain £65,943.13, Cardiff Crown Court heard on Friday. He also stole £31,000 in September 2005 from Robin Smyth and dishonestly obtained a further £133,508.20, the South Wales Argus reported. Meanwhile, the 48-year-old also admitted that, between October 1 and 22 2008, he dishonestly obtained a cheque worth £15,874.05 from Norwich Union, claiming he was Robin Smyth. In addition to this, Sage has also pleaded guilty to counts of theft and perverting the course of justice, relating to an i...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
