Conman who defrauded £11.4million from vulnerable pensioners jailed for eight years

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Conman who defrauded £11.4million from vulnerable pensioners jailed for eight years.

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A fraudster who swindled £11.4million from 115 elderly victims through a decade-long investment scam has been sentenced to eight years behind bars.Steven Long, 59, of Mead Drive, Kesgrave, Suffolk, was jailed yesterday after he admitted two counts of fraud by abuse of position at Southwark Crown Court.

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The conman operated multiple businesses under the Universal Wealth Preservation banner between 2008 and 2018, targeting pensioners across England with false promises of financial security.Long distributed marketing materials door-to-door throughout Kent, Essex, Bedfordshire and Hertfordshire, inviting potential clients to attend slick presentations at hotels nationwide.

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TRENDING Stories Videos Your Say Thousands signed up for services including trusts, wills and Lasting Power of Attorney arrangements, unaware their savings would be funnelled into risky overseas ventures without their knowledge or approval.Many of those who fell victim were elderly or approaching retirement, drawn in by...

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