Former Santander adviser handed 11-year bankruptcy restriction

Hereford-based Wathen was entrusted to advise customers at the bank on investment opportunities and on maximising their returns. The Insolvency Service reports that Wathen abused his position as a client relationship manager by misappropriating £87,365 from two customers' investment portfolios and transferring it into his own bank accounts. A bankruptcy restriction compels a person to declare their status to a credit provider and potential business partner, among other limitations. Wathen was sentenced to two years and three months in prison for fraud in September, after the bank b...