Blackburn-based adviser jailed for £500k client theft

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An adviser who skimmed £500,000 from wealthy clients' funds and pocketed the interest has been jailed for five years.

This Is Lancashire reported Stephen Smalley stole money from five client accounts, including his dementia suffering father-in-law, while working as financial services manager at Forbes Solicitors. Preston Crown Court heard Smalley stole from clients who he thought were "wealthy enough not to notice". The website reported Smalley took £524,440, including £28,857 from his father-in-law, while offering advice on savings, investments and pensions. When he tried to leave his employer the crimes came to light. The court heard he had not spent any of the money, but was gaining interest...

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