Investment adviser charged with £1m fraud

A financial adviser has been charged with 12 counts of fraud which is said to have netted him over £1m worth of clients assets.

John Field is alleged to have used his position as director of Meads Financial Consultants to obtain a total of £1,021,944 from 33 clients who had entrusted moneys to him for "investment purposes", according to Sussex Police. The 77-year-old appeared at Hastings Magistrates Court on 10 September, charged with fraud by abuse of position. The case was committed to an as-yet-undetermined Crown Court for an initial appearance by Field, who is on bail, on 13 October. The charges follow an investigation by the Sussex Police Major Fraud Unit. Meads was an appointed representative of Se...