Home / Crime and Justice / Advisor Jailed for £2M Charity and Client Fraud
Advisor Jailed for £2M Charity and Client Fraud
23 Jun
Summary
- Financial advisor defrauded 34 people of nearly £2m.
- Victims included charity, friends, neighbours, and clients.
- He received an 11-year prison sentence for fraud.
Timothy Barnes, a 68-year-old financial advisor, has been imprisoned for 11 years after defrauding 34 individuals, a charitable trust, and a residents' association out of nearly £2 million. He operated from Charland Court in Droitwich.
Barnes began his fraudulent spree in November 2022, approaching people he knew to solicit short-term loans. He fabricated stories about needing funds for divorce settlements or inheritance payments, promising repayment within days. These assurances were often corroborated with written confirmations via email or signed documents.
His sentencing took place at Worcester Crown Court on Friday, where he pleaded guilty to almost 40 fraud charges. The court deemed the severity of his actions warranted a significant custodial sentence for the extensive financial deception.
