Adviser accused of £290k fraud to 'fund his lifestyle'

Carmen Reichman
clock

A financial adviser has denied charges he defrauded two elderly clients of more than £290,000, partly to "pay off his mortgage" and "fund his lifestyle".

Bradley Stoke-based adviser Carl O'Connell is accused of taking £25,550 from 95-year-old dance teacher Joyce Harper and a further £265,020 from Helen Smith, aged 88 when she died in January this year. The former Lloyds bank adviser diverted the money to his Cheltenham and Gloucester bank by writing himself cheques in their name, the Bristol Post reported. Appearing at Bristol Crown Court the former adviser denied all charges.   'I still like him' O'Connell worked as an adviser for Lloyds bank in Westbury-on-Trym when he met dancer teacher Joyce Harper. He later set up his o...

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 Investment

Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read