Financial advisor jailed for conning 93-year-old
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.”