Trusted financial advisor cons friends and neighbours out of £2million in 'campaign of fraud'

1 sources1 storiesFirst seen 7/5/2026Score24Mixed Progress

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Trusted financial advisor cons friends and neighbours out of £2million in 'campaign of fraud'.

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A Warwickshire financial adviser who systematically defrauded 36 friends and neighbours out of nearly £2million has been sentenced to 11 years in prison.Timothy Barnes, 68, known locally as Paul, was a respected and familiar figure in his close-knit village community before his crimes came to light.The trusted professional exploited relationships built over decades, borrowing money under false pretences from those closest to him during a six-month period between November 2022 and May 2023.His victims included longstanding friends, neighbours, and even a criminal lawyer.

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TRENDING Stories Videos Your Say Warwickshire Police subsequently discovered that Barnes had been channelling the stolen funds into a cryptocurrency wallet.He was sentenced on June 19 after pleading guilty to multiple fraud offences.Among those betrayed was Carolyne Ryan-Bell, a 57-year-old professional horse trainer who had considered Barnes a close friend for approximately 25 years.The pair lived just doors apart in...

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