Sad tale - Trader jailed for conning colleagues, lost money feeding addiction

Newmarket Racecourse

A former trader's tearful fiancee begged a judge for leniency saying he is 'no monster' after a court heard he took cash intended for a racehorse trading scheme and lost it due to his gambling addiction.

The Daily Mirror reports that the tearful fiancee of a City trader Stewart Jones, 35, who conned friends and colleagues out of nearly £1.8m, pleaded for his mercy as he was jailed for five years and four months.

Jones pleaded guilty at the Old Bailey to fraudulently taking sums of up to £880,000 from six men, including his former UBS boss James Robinson, from May last year to invest in a racehorse trading scheme.

Jones is even said to taken £85,000 from fiancee Helen Griffiths, who only discovered what he had done after he had fled to Las Vegas, squandered the rest of the money, and taken an overdose in an apparent attempt to kill himself.

To access the complete Daily Mirror article hit the link below:

City trader cheated pals out of fortune to feed £3.8-million-a-year gambling habit

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