Financial adviser jailed after swindling aunties out of £312k

clock

A financial adviser has been jailed for two years after swindling three women, including two elderly aunties, out of £312,000.

Ian Maxwell, from Wrexam, was sent down by Caernarfon Crown Court after admitting to seven fraud offences between 2002 and 2008. A former RAF Pilot who served during the Falklands War, he took £35,000 from Vera Davies, in her 80s, promising income from investments, the Daily Mail reported. Meanwhile, he used his enduring power of attorney to take £172,500 from her sister Dilys Williams, who died in 2010. He took a further £105,000 from Judith Rich, who was then forced to seek financial help from her local authority when payments to her stopped. Judge Niclas Parry told the 61-yea...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Oberon Investments agrees to FCA restrictions on wealth management arm

Oberon Investments agrees to FCA restrictions on wealth management arm

Onboarding subject to permission amid systems and controls review

Jen Frost
clock 14 April 2026 • 1 min read
FCA eyes commission ban for VCTs & EIS

FCA eyes commission ban for VCTs & EIS

Brokers criticise the move

Laura Miller
clock 25 March 2026 • 5 min read
Ex-Janus Henderson analyst jailed for insider dealing and money laundering

Ex-Janus Henderson analyst jailed for insider dealing and money laundering

Former analyst's sister also sentenced

Linus Uhlig
clock 07 July 2025 • 2 min read