Ex-SJP wealth adviser jailed for £800k client gamble

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A former St James’s Place (SJP) adviser has been jailed for defrauding clients of more than £800,000 to fund his gambling addiction. Mark Pickering was sentenced to 40 months in prison after he was found guilty of defrauding clients to place bets with Betfair in an account which accrued nearly £1.1 million of losses, the Nottingham Post reports. Judge James Sampson said eight clients were defrauded…

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BDO Fraudtrack Report 2017

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BDO’s has now released its 14th FraudTrack report. Since 2003 they have been tracking fraud cases reported in publically available sources. FraudTrack includes all fraud cases valued at over £50,000 in the UK. “The significant increase in fraud is quite shocking, but I am not surprised that the second biggest reason for fraud is gambling. If left unchecked, compulsive gambling…

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Problem Gambler jailed for fraud because of his habit

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Problem Gambler jailed for fraud because of his habit Thornton, L. (2014). Gambler jailed for fraud because of his habit hounded IN PRISON by bookmakers. Available: http://www.mirror.co.uk/news/uk-news/gambler-jailed-fraud-because-habit-4750379. Last accessed 14th Dec 2014. A disgraced accountant jailed for fraud after becoming addicted to online gambling was “hounded” by bookmakers trying to tempt him back.  David Bradford, 58, a problem gambler jailed for fraud…

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