Scam Victims' Bleak Hope of Cash Back ; 'Bankrupt' Conman May Have No Proceeds of Crime

Liverpool EchoMay 12, 2010

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Summary


PENSIONERS ripped off by a thieving financial adviser have little chance of getting back the thousands of pounds he stole, police believe.

Conman Michael Mawdsley was jailed for eight years on Monday for tricking elderly people, many from Merseyside, of up to pounds 1.3m in a scam which a judge called "despicable".

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Scam Victims' Bleak Hope of Cash Back ; 'Bankrupt' Conman May Have No Proceeds of Crime

But the 61-year-old, who ransacked victims life savings to line his own pockets, may escape paying back any of his ill-gotten gains.

Elderly couples from Aller...

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