Add as a preferred source on GoogleTwo U.K. Financial Advisers Plead Guilty in £2 Million Fraud Case
Kerry Nelson and Jacqueline Stephens admitted fraud charges involving four clients from Jan. 2019 to Jan. 2023. Nelson also admitted an additional money-laundering offense.
Kerry Nelson and Jacqueline Stephens pleaded guilty to fraud charges involving four clients and a £2 million fraud tied to Nexus Independent Financial Advisors and Investment Managers Ltd.
The fraud took place from Jan. 2019 to Jan. 2023 and involved the use of false documents. Nelson also admitted an additional money-laundering offense.
The £2 million figure represents the value of the fraud involving the four clients.
Nelson and Stephens are due to be sentenced in December.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.