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Con-man jailed over £5m pensioner fraud

Terry Warrington.

Terry Warrington.

A man has been jailed for his part in a multi-million pound investment con that saw 128 elderly pensioners swindled out of their life savings.

Terry Warrington, from Morecambe, faces four and half years in jail after pleading guilty to fraudulent trading at an earlier date.

A second man, Mersey businessman Malcolm Barber, of Links View, Wallesey, was jailed for four years after being found guilty during an eight week trial.

He had denied two counts of participating in a fraudulent business, claiming he did not play a management role at the companies during the time in question.

(More to follow)

 

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