Adviser jailed for £250k fraud and perverting course of justice

clock

A financial adviser who admitted to fraudulently gaining almost £250,000 from clients and an insurer, as well as perverting the course of justice, has been jailed for three-and-a half years.

Jeremy Sage, from Penarth, stole £246,324 from two elderly clients, forging signatures on financial documents and issuing fake cheques.

Cardiff Crown Court heard how the 48-year-old used clients' money to pay for membership of golf clubs and a high-living lifestyle, the South Wales Argus reported.

Appearing before a district judge at the magistrates' court he then stole prosecution papers during a lunch adjournment but was caught on CCTV.

Defending Sage, Kieron Malloy said he had been trying to emulate his well-respected father, whose business he took over, but was out of his depth and was not up to the job.

Sage was arrested again last month, from prison, to answer further fraud and perverting the course of justice charges, relating to an alleged false insurance claim over a watch and an issue regarding the occupation of a rented property.

More on Adviser / Broking

Barnett Waddingham appoints non-exec chair

Barnett Waddingham appoints non-exec chair

Baroness Helena Morrissey takes the role

Cameron Roberts
clock 25 November 2024 • 1 min read
Opportunities for the life insurance industry from Budget proposals

Opportunities for the life insurance industry from Budget proposals

Protection driven by IHT changes

Paula Steele
clock 22 November 2024 • 4 min read
Claims and Underwriting: Securing cover with liver disease

Claims and Underwriting: Securing cover with liver disease

“It was racing against the clock”

Jaskeet Briah
clock 21 November 2024 • 6 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read