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Gambling 'IOU bank thief' Jailed

As reported by the BBC: "A former financial consultant who stole £10m to feed his gambling habit, has been jailed for 12 years for 'breaches of trust of the grossest order'.

"Graham Price, 58, of Llansamlet stole the millions from investors and the Halifax Bank for whom he was an agent.

"...Sentencing him at Swansea Crown Court, Judge John Diehl said: "Any words of mine are almost bound to be inadequate to reflect the extent of your deceit."

"He added: "In my view, these were breaches of trust of the grossest order."

"He said that individual investors lost homes, pension nest eggs and inheritances to the bogus land scheme which had devastated their lives and left many in difficulty.

"...The court heard how Price - who had left an IOU for £7m inside a safe - had stolen money from 84 mainly elderly private investors during a four-year fraud.

"Soon after he was arrested, Price told police he believed he could recoup the money with just one more week gambling on horses..."

 
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