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Fraudster Michael Maudsley jailed for 13-year criminal campaign

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CROOKED financial adviser Michael Mawdsley’s criminal campaign against vulnerable elderly victims, including a Buckley couple, spanned 13 years.

During that time he tricked his vulnerable victims into believing they were making good investments.

But the fraudster, now 61, was in reality earning huge amounts of commission for himself, or the investments were ill-advised or based on lies.

He also took money directly from some of his victims through cheque payments and bank transfers by pretending they were investments when they were simply payments directly to him.

At one stage he lived and worked in Chester, but his last address was Edgbaston, Birmingham.

Until his sickening scams were uncovered in 2005 Mawdsley befriended trusting pensioners and persuaded them to part with their savings to contribute to non-existent financial projects which lined his own pockets.

It is thought at one point he was conning more 200 separate victims across the country. An 88-year-old man was swindled out of his entire life savings of £122,000.

Said to be ‘plausible and charming’ by the then-oblivious victims, he sometimes had meals with them, was invited regularly into their homes and took them to the supermarket, with some considering him to be a good friend.

In the later years of the scam, Mawdsley persuaded some victims to release equity in their homes to raise money for investment.

About 40 elderly couples, including Jean and Ron Young from Burntwood, Buckley packed into the public gallery at Chester Crown Court on Monday to see him face his punishment after he pleaded guilty to a string of fraud and theft charges.

Jailing him for eight years Judge Roger Dutton told Mawdsley: “Seldom can a crown court have heard of the rank and dreadful dishonesty of someone in a position of trust with so many elderly retired victims, who you systematically milked of their life savings.

“The story unfolded in this court is of truly shocking proportions. Your actions were despicable and disgusting.”

Det Insp Terry Tinsley, head of Cheshire Constabulary’s economic crime unit, said “We hope the decision to imprison Mawdsley for his reign of exploitation upon his elderly victims will help bring them a degree of closure.”

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