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Financial advisor jailed for conning 93-year-old

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22/11/2012
A financial adviser has been jailed for 14 months after giving false financial advice to an elderly woman.

Sanjay Parmar, from Henley-on-Thames, admitted four counts of fraud by abuse of position when he appeared at Guildford Crown Court, according to the Henley Standard.

Parmar, 43, a registered independent financial adviser, was entrusted to provide financial advice to the victim.

The 93-year-old woman wrote four cheques totalling £58,000 between April and July 2010 after being told they would be paid into her savings account.

A relative of the victim, who lives in Guildford, sought legal advice after realising the money was not being paid into the account.

Dc Andrew Skoglund, who investigated the case, said: “This man was in a position of trust and used this to take advantage of a vulnerable, elderly victim who believed she was handing over money in good faith to invest in her savings.”

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