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Court hears private client adviser accused of murdering client
by Jun Merrett on Oct 16, 2013 at 14:29
A court has heard former financial adviser David Jeffs accused of murdering a client and defrauding him of £343,000.
David Jeffs, 36, a former private client adviser with London-based HFM Columbus, has appeared at Croydon Crown Court accused of murdering 63-year old client Robert Troyan, who was found dead on 8 March. Jeffs has denied murder and abuse of position.
Jeffs was employed as Troyan's adviser in 2005 and was to assist in the investment and management of the inheritance Troyan received after his partner Anthony Feldman died, according to the Daily Mail.
Prosecutor Edward Brown QC told the jury that Jeffs became a 'financial concierge' to Troyan and paid for utility bills, money owned to a storage company and also helped him find a flat and paid for the deposit and rent, according to the paper.
Brown alleged that between February 2010 and January 2012 £343,000 had been paid into Jeffs' bank account through cheques from Troyan's NatWest account. He added Jeffs had attempted to secure payments over the same period, but the cheques bounced.
'Mr Troyan did understand that these significant amounts would be re-invested for him by the defendant and were not therefore intended to go into the defendant's pocket,' Brown told the court.
'It was a deception and it worked. Not a penny of the £343,000 was re-invested on Mr Troyan's behalf and it was spent by the defendant on himself and his friends.'
Tax records showed Jeffs earned under £50,000 in 2006-07, £36.460 in 2007-08 and just under £6,000 in 2008-09 according to the paper.
The trial continues.
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