Two years’ jail for manager in £106,000 fraud

Saturday 21st January 2006, 12:00AM GMT.

A TRUST manager who defrauded his 70-year-old client out of £106,000 and spent it doing up his house in France was sentenced to two years in prison yesterday.

Nicholas John Howard (43) appeared in the Royal Court yesterday and was warned by the Bailiff, Sir Philip Bailhache, that his actions may have damaged the Island’s reputation as a finance centre.

It was only after losing his job at Caversham Fiduciary Services that Howard confessed to taking the money, going back to have a meeting with his boss and saying that he had taken at least £80,000.

Prosecuting, Crown Advocate Sally Sharpe said that Howard had converted money entrusted to his employees, Caversham Fiduciary Services, between 1 March 2002 and 11 November 2004.

Howard, who was a group manager with responsibility for 100 clients, lost his job in February last year and returned to work to confess to taking the money in June.

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