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Former adviser found guilty in pension fraud trial

Former adviser found guilty in pension fraud trial

Former adviser Darren Say has been found guilty on two counts of fraud. 

Say (pictured) was found guilty by a jury vote at Chelmsford Crown Court last week. 

He was convicted of dishonestly making false representation to make gains to self or another, and for carrying on the business of a company with the intent to defraud creditors, a spokeswoman from Chelmsford Crown Court confirmed to New Model Adviser®.

Say was charged by the police last January with fraud by abuse of position relating to a company called Noisnep. This business was separate from Essex-based advice firm Wealth Connection, where he was a director between 2011 and 2013. 

At the time he was charged the police said: ‘The charge relates to allegations that he committed fraud while occupying a position in which he was expected to safeguard, or not to act against, the financial interests of Noisnep Sipp members, between 1 January 2009 and 20 January 2016.’

Last October the jury at Chelmsford Crown Court failed to reach a verdict and the case was sent to a re-trial.

Following this re-trial the jury came to an unanimous verdict last Thursday. Say was released on bail. He will be sentenced on 17 August.

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