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Man sentenced for stealing over £350,000 from elderly and vulnerable victims

August 18, 2015

A press release from the CPS.

A former financial advisor has been sentenced today to six years for dishonest conduct in managing the finances of four elderly and vulnerable people, Preston Crown Court heard.

Peter Bottomley, from Morecambe, was an authorised Independent Financial Advisor until 2003. Despite his authorisation to be an Independent Financial Advisor ceasing, he continued to manage the finances of some elderly people who later went on to reside in local care homes, often with no next of kin. He took advantage of his victims to steal enormous amounts of money for his own personal gain – a total of £356,883.16.

The investigation into Peter Bottomley’s criminality started with one victim with cerebral palsy, from whom he stole £103,646.48. The investigation then revealed Peter Bottomley had tricked a number of other people in the same way and created wills which would have been to his benefit.

 

Elizabeth Jenkins, Deputy Head of the Specialist Fraud Division at the CPS, said:

 

“To steal money from anyone is unacceptable, but to steal the life savings of the vulnerable and the elderly is particularly cruel and calculating.

“The strength of our evidence was such that Peter Bottomley had no choice but to plead guilty which spared the victims from a potentially lengthy trial.

“It was clear that Peter Bottomley selected his victims because he thought their age, and in one case their cerebral palsy, made them easy targets. We asked the court to reflect the pernicious way in which he targeted these vulnerable victims in its sentencing.

“Crimes like this should not pay and we have already succeeded in restraining £1.3m worth of Peter Bottomley’s assets. We’ll now continue to work hard to ensure this money is recovered and his victims are compensated.”

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