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

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read