Adviser loses appeal against prison sentence

clock

A former mortgage adviser jailed for a £478k fraud - which included conning members of his own family - has lost an appeal against his prison sentence.

Mark Lewis, 50, from Hednesford in Staffordshire, was sentenced to six years in prison at Stafford Crown Court in May. He promised investors up to 25% on investments in property schemes and solar panels but instead pocketed the cash. An appeal hearing on 31 October resulted in judges dismissing Lewis's case, according to the Express & Star. Victims from across the West Midlands, many of them retired, lost life savings, pension pots, and money put aside for children and grandchildren as a result of Lewis's activities. Several victims attended the court case in May. They included ...

To continue reading this article...

Join Professional Adviser

  • 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

Alexander Sloan FP fails following employment case pay out

Alexander Sloan FP fails following employment case pay out

Financial Services Compensation Scheme details the £140,000 pay out

Kathleen Gallagher
clock 16 February 2023 • 2 min read
Abby Thomas, the FOS' incoming CEO and chief ombudsman

FOS appoints new CEO and chief ombudsman

Replacing Nausicaa Delfas

Ayesha Venkataraman
clock 08 June 2022 • 2 min read

FCA extends adviser fee deadline for majority of firms

For smaller and medium firms

Sophie King
clock 07 August 2020 • 1 min read