Accountant jailed for £10m Ponzi fraud - update
Majorca-based British accountant Richard Pollett and a convicted fraudster and his wife who swindled investors out of millions of pounds have been sentenced.
A jury at Bradford Crown Court found Pollett guilty of conspiracy to defraud, along with guilty verdicts against Linda Hirst in relation to two money laundering allegations and one of evading a liability by deception.
Last week a judge lifted a banning order which had prevented the reporting of the guilty pleas of John Hirst who was convicted of conspiracy to defraud and two counts of money laundering in a prosecution brought by the Serious Fraud Office (SFO).
All three were involved in a Ponzi fraud that targeted UK investors and expatriates in Majorca and will now be sentenced on 31 August. Confiscation and compensation proceedings are to follow.