Former Man from the Pru jailed for £250k whisky scam

clock

An ex-Prudential financial adviser has been imprisoned for two years for swindling pensioners out of their life savings.

Lee Chapman, the former adviser, in an elaborate scam with his brother Mark, who has also been jailed, took more than £250,000 from elderly investors in Devon, according to the Exeter Express and Echo. The brothers convinced they were investing in a successful multi-million pound business selling whisky branded with the name of the Marylebone Cricket Club and the Old Father Time logo from Lords. They claimed to have tied up contracts with supermarkets and foreign distributors worth millions when in reality they did not even have a licence to use the MCC trademark. Instead they spen...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Sophia Panayi
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read
How sustainable funds have beaten the index this year

How sustainable funds have beaten the index this year

'ESG funds benefit from access to some of the livelier parts of the market'

Ian Aylward
clock 10 August 2026 • 3 min read