Adviser jailed for £250k fraud and perverting course of justice

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A financial adviser who admitted to fraudulently gaining almost £250,000 from clients and an insurer, as well as perverting the course of justice, has been jailed for three-and-a half years.

Jeremy Sage, from Penarth, stole £246,324 from two elderly clients, forging signatures on financial documents and issuing fake cheques. Cardiff Crown Court heard how the 48-year-old used clients' money to pay for membership of golf clubs and a high-living lifestyle, the South Wales Argus reported. Appearing before a district judge at the magistrates' court he then stole prosecution papers during a lunch adjournment but was caught on CCTV. Defending Sage, Kieron Malloy said he had been trying to emulate his well-respected father, whose business he took over, but was out of his depth...

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