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Wirral financial advisor denies £300,000 fraud charge
9:36am Friday 15th March 2013 in News
A financial advisor from Wirral has denied stealing £300,000 from an elderly client.
Simon Sibthorp, 52, is charged with the theft of £301,500 over a five-year period from 2006.
He had previously been charged with 20 fraud offences when he appeared at Wirral Magistrates Court last year.
But when he appeared at Liverpool Crown Court on Thursday, the court heard these have now been rolled up into a single charge.
At an earlier hearing, it was alleged Sibthorp had borrowed the money, promising to pay it back.
But instead he spent it on buying, renovating and furnishing a property in France as well as paying off debts.
Sibthorp, of Gerard Road, Wallasey, was further remanded on bail to await his trial, expected to last four days, beginning on June 10.