Struck-off adviser handed suspended jail sentence

A financial adviser who had been banned from operating after stealing from one of his accounts has been found guilty of the theft of £3,000 from another client, this time another property company.

Darren Moysey, 46, of Paignton, Devon, had previously stolen £2,910 from a company that managed a block of flats in Torbay, leading to his being banned.

However, Moysey obtained work as a book-keeper for another Devon-based property company, Saffron Court, which managed property in Paignton.

Moysey wrote out five cheques to himself between September 2016 and March 2017 and when tackled, claimed they were intended to cover ground rents.

‘Mortgage and credit card debts’

He said that he had used the money to pay off mortgage and credit card debts when he admitted to charges of fraud and being in breach of a suspended jail sentence.

Recorder Malcolm Gibney handed Moysey a 14-month jail sentence, suspended for two years, and ordered him to do 100 hours unpaid community work and 15 days rehabilitation activities with the probation service.

He told Moysey: “You were already on a suspended sentence and you have done the same thing again in a relatively short period of time. I am minded to offer you one final opportunity to stay out of custody.

“You need to approach your financial problems in a sensible manner that does not involve defrauding people and jeopardising your liberty. You won’t get a third chance.”

Second sentence for fraud

Moysey’s previous suspended sentence was handed down in March 2015 when he was convicted of fraud.

On that occasion, he had taken £3,000 from a client of his tax advice consultancy, telling her that he was taking it to pay to HMRC, though no money was forwarded, leaving his client with tax arrears.

He was given an eight-month jail sentence, suspended for 18 months.

Moysey had been a member of the Association of Tax Technicians but was struck off in April 2016.

He told the court that he has four children and that he had not told his new partner of this latest tangle with the courts.


Eugene Costello
Eugene Costello has been a journalist for some 20 years, and has written for a wide variety of UK and international newspapers and magazines.

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