Gambling
'IOU bank thief' Jailed
As reported by the BBC: "A
former financial consultant who stole £10m
to feed his gambling habit, has been jailed
for 12 years for 'breaches of trust of the grossest
order'.
"Graham
Price, 58, of Llansamlet stole the millions
from investors and the Halifax Bank for whom
he was an agent.
"...Sentencing
him at Swansea Crown Court, Judge John Diehl
said: "Any words of mine are almost bound
to be inadequate to reflect the extent of your
deceit."
"He
added: "In my view, these were breaches
of trust of the grossest order."
"He
said that individual investors lost homes, pension
nest eggs and inheritances to the bogus land
scheme which had devastated their lives and
left many in difficulty.
"...The
court heard how Price - who had left an IOU
for £7m inside a safe - had stolen money
from 84 mainly elderly private investors during
a four-year fraud.
"Soon
after he was arrested, Price told police he
believed he could recoup the money with just
one more week gambling on horses..."
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