UK: Two Former Advisers Admit £2m Fraud After Four Clients…
By Rick Steves
Source excerpt · FinanceFeeds
Two former executives at UK financial advice firms have pleaded guilty to fraud after four clients lost £2 million. Kerry Nelson and Jacqueline Stephens admitted charges at Portsmouth Crown Court. Nelson also pleaded guilty to a money-laundering offence. The case now moves to sentencing, with the Financial Conduct Authority seeking confiscation of any financial benefit from Nelson’s criminal condu…