Manchester Con Man Jailed
Mr Philip Smith use to be a trused financial advisor in the Manchester area but over recent years Mr Smith used this trust to con his clients out of more than GBP1.75 million or USD3.2 million.
Mr Smith has now been jailed for nine years for forgery, theft and money-laundering.
The 48 year old Manchester man conned at least 50 victims, many of them were elderly and vulnerable, and also included his own brother, It is thought that Smith threw away much of his ill gotten gains by gambling on the Internet. However Smith also tryed to hide some of the money in offshore bank accounts.
In a Manchester Crown Court, judge Peter Larkin called him a "callous, manipulative and thoroughly dishonest man".
Judge Peter Larkin went on to say that "as a financial adviser, your clients trusted you to handle their financial affairs with integrity and honesty. You breached that trust placed in you in a cold and calculated way. You deliberately targeted elderly and vulnerable people. This was dishonesty on a truly breathtaking scale" Mr Smith admitted to 49 counts of theft, five of money laundering, two of false accounting and three forgery. Mr Smith knew many of his victims for over 20 years.
Mr Smith has now been jailed for nine years for forgery, theft and money-laundering.
The 48 year old Manchester man conned at least 50 victims, many of them were elderly and vulnerable, and also included his own brother, It is thought that Smith threw away much of his ill gotten gains by gambling on the Internet. However Smith also tryed to hide some of the money in offshore bank accounts.
In a Manchester Crown Court, judge Peter Larkin called him a "callous, manipulative and thoroughly dishonest man".
Judge Peter Larkin went on to say that "as a financial adviser, your clients trusted you to handle their financial affairs with integrity and honesty. You breached that trust placed in you in a cold and calculated way. You deliberately targeted elderly and vulnerable people. This was dishonesty on a truly breathtaking scale" Mr Smith admitted to 49 counts of theft, five of money laundering, two of false accounting and three forgery. Mr Smith knew many of his victims for over 20 years.
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