Wednesday January 22, 2020

Don't get cheated on your investments

It is hard to believe that a cheque made out to an institution could end up in a private individual's account, but this did happen in Britain recently.

18th December, 2004

It is hard to believe that a cheque made out to an institution could end up in a private individual's account, but this did happen in Britain recently.

An independent financial adviser defrauded his clients of £1.8 million (€2.6 million) over a 12-year period.

The adviser had his own personal savings account with Abbey, the financial services provider. Some of his clients made out cheques for investments in favour of Abbey as the fund manager...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 weeks ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago