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

Regulatory pressures taking a toll on industry stress levels

Regulatory pressures taking a toll on industry stress levels

'Regulatory pressures are the first thing on my mind’

Sahar Nazir
clock 19 April 2024 • 1 min read
Advisers blast FCA funding requirement of £755m 'inexorable'

Advisers blast FCA funding requirement of £755m 'inexorable'

‘I don’t really know what value I’m getting from the FCA – if any’

Hope Coumbe
clock 19 April 2024 • 2 min read
Octopus Money: Why a Seccl-backed platform integration is for us

Octopus Money: Why a Seccl-backed platform integration is for us

'Technology and compliance acts as an anchor in the industry'

Sahar Nazir
clock 18 April 2024 • 1 min read