Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

Fake financial adviser jailed for five years

By Fiona Nicolson, 14 Sep 23

After he defrauded vulnerable clients of nearly £900,000

Former boss of Chinese insurer Anbang jailed for 18 years

A 75-year-old man who pretended to be a financial adviser has been jailed for more than five years.

Peter Grant Holbrook admitted to defrauding nine clients of almost £900,000 ($1.12m, €1.05m) since 2011.

Holbrook, who used the trading name of PGH Associates and Will Associates, was investigated by West Yorkshire Trading Standards (WYTS) following a number of complaints.

He admitted that he had not invested any of the identified victims’ money and had instead used it to fund his online gambling habit.

When issuing the sentence, Recorder Thyne KC said: “You selected your victims who were elderly, or at a time when they were most vulnerable after the loss of a loved one.

“You prepared and presented false documents and pass books furthering your deception. You told lies to victims and their families when they became suspicious. No sentence would come close to undoing the harm you have caused.”

Tags: UK

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Asia

    Macquarie Securities to pay AU$35m fine for ‘systemic failures’

    fund

    Industry

    AJ Bell expands Gilt MPS range with new portfolio launch

  • Best Practice

    CII Middle East director: Education and qualifications a priority for boosting talent in 2026

    Ben Lester

    Industry

    Morningstar Wealth: Smaller advice firms are feeling the pressure of a demanding new year


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.