Investment Fraud: South Shields fraudster Stephen Rae jailed for defrauding investors of life savings and pensions

18 Dec 2023 5:49 PM | Anonymous member (Administrator)

A financial advisor who stole almost £2 million from victims by selling bogus investment plans has been jailed.

Stephen Rae was convicted at Newcastle Crown Court in June this year, after admitting he defrauded 16 different clients between June 2014 and January 2016.

https://www.itv.com/news/tyne-tees/2023-12-11/aston-martin-driving-fraudster-in-jail-after-investors-lose-savings-and-pensions


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