Adviser jailed after blowing conned millions on 'playboy lifestyle'

£4.5m on gambling and escorts

Hannah Godfrey
clock • 1 min read

A financial adviser has been jailed for eight years after blowing some £4.5m of fraudulent money on Russian prostitutes, expensive hotels and gambling.

According to the Daily Mail, Merseyside-based Neil Bartlett conned £4.5m from lifelong friends and family while claiming to be investing their pensions and life savings. The fraud was said to have started in 2013 and continued for five years, ensnaring 24 victims. Bartlett set up fake bank accounts and forged investment statements to clients into thinking their cash was growing. One woman lost her retirement fund of more than £600,000, the court was told, while a commercial heating firm was scammed out of nearly £1.5m.   With the money, Bartlett jetted off to New York and the Maldi...

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 Your profession

Advice firms target 17% average growth amid tech and productivity challenges

Advice firms target 17% average growth amid tech and productivity challenges

Research from Owen James reveals

Sophia Panayi
clock 01 July 2026 • 2 min read
Clifton Wealth Partnership snaps up Suffolk financial planning firm

Clifton Wealth Partnership snaps up Suffolk financial planning firm

Brings total AUM to £4bn

Sophia Panayi
clock 01 July 2026 • 2 min read
Lib Dem MP presents Child Savings Account Bill to House of Commons

Lib Dem MP presents Child Savings Account Bill to House of Commons

John Milne’s bill passes for second reading in 2027 under Ten Minute Rule

Sophia Panayi
clock 01 July 2026 • 3 min read