• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Wealth management

Playboy financial adviser jailed for £4.5m fraud

Playboy financial adviser jailed for £4.5m fraud
  • Pedro Gonçalves
  • @PeterHSG
  • 02 January 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

A financial adviser who conned clients out of £4.5m to spend on prostitutes and gambling was jailed last month for eight years. Neil Bartlett, 53, was sentenced at Liverpool Crown Court after pleading guilty to 14 counts of fraud.

Neil Bartlett lavished £180,000 on two escorts alone and jetted off to New York and the Maldives.  Bartlett, of Ainsdale, Merseyside, claimed to be investing his victims' pensions and life savings, police said. He took £600,000 from one woman alone.

Related articles

  • Wealth manager jailed over £14.5m Ponzi scheme
  • £2.8m boiler room investment fraudster jailed for 13 years
  • Investment fraudster jailed for multi-million pound scam
  • Jailed £14.5m Ponzi scammer banned from financial services for life

Judge Alan Conrad admonished him for "living the life of a millionaire" on his victims' cash.

"You were gambling away a large part of the money entrusted to you, while maintaining a playboy lifestyle with expensive prostitutes and luxury foreign travel," the judge said.

"You were gambling away a large part of the money entrusted to you, while maintaining a playboy lifestyle with expensive prostitutes and luxury foreign travel," the judge said.

"You even boasted in messages to people of the debauched life that you were living," he added.

One of Bartlett's victims told the court in December: "He has no conscience, he is morally devoid… If he is showing signs of remorse, take it from me, it is an act."

Earlier this year Merseyside Police received a number of reports from Action Fraud (the National Fraud & Cyber Crime Reporting Centre) about Bartlett's business practices and a fraud investigation commenced.

The fraud involved investing people's money, pensions and often life savings into what they thought was a safe investment account with interest.

It emerged that Bartlett had created a sole trader account with the same name as the company he worked for and paid himself the money.

It is believed the fraud started in approximately 2013 and continued for five years. In total there were 24 victims.

Earlier this year he took more than £740,000 from friends he had known since pre-school, together with his friend's parents and his own family.

He also took advantage of being the Power of Attorney for a vulnerable elderly victim and defrauded her.

Detective Sergeant Christopher Hawitt of Merseyside Police said: "We welcome the sentencing of Neil Bartlett and hope that he will now spend the considerable future thinking about the consequences of his actions.

"It is never nice for anyone to fall victim to fraud but this was a particularly unpleasant case for Bartlett's victims as some of them had known him for over 50 years and so trusted him with, in some cases, their life savings.

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Wealth management
  • Fraud
  • Sentence

More on Wealth management

Nucleus launches low-cost managed portfolio service

  • Wealth management
  • 21 January 2021
Lombard Int'l Assurance expands wealth planning solutions to Greek tax residents

  • Wealth management
  • 21 January 2021
Quilter offers free talks to help advisers beat 'Blue Monday'

  • Wealth management
  • 18 January 2021
Fidelity Int'l launches advice service

  • Wealth management
  • 13 January 2021
Jupiter signs distribution agreement with FinecoBank in UK and Italy

  • Wealth management
  • 11 January 2021
Back to Top

Most read

Duff & Phelps opens Gibraltar office
Duff & Phelps opens Gibraltar office
Brexit deals hefty blow to City but industry is ready to fight back
Brexit deals hefty blow to City but industry is ready to fight back
Comment: Are cryptocurrencies the new gold?
Comment: Are cryptocurrencies the new gold?
FSCS warns industry of £1bn compensation bill
FSCS warns industry of £1bn compensation bill
Dubai regulator to develop cryptocurrency framework
Dubai regulator to develop cryptocurrency framework
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading