An accountant has been convicted of defrauding a 73-year-old pensioner of £19,000, following an investigation by Thames Valley Police.
Andrew Rees, 52, of North Park, Iver, pleaded guilty to one count of fraud by misrepresentation at Aylesbury Crown Court on Monday, March 26.
The offences took place between July and December 2015.
Rees acquired loans totalling £19,000 from the victim, a 73-year-old man who was a client of his accountancy practice.
He could not repay this money and has been declared bankrupt.
He was charged with the offence last July 26.
Case investigator Kevin Clingham said: “This offence was an abuse of trust and position by a qualified accountant who targeted an elderly retired client for loans, knowing that he was forbidden by law to do so and that he was unable to repay these debts.”
Rees will be sentenced on May 11.
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