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Stephen Floyd conned elderly women out of £300k | Stephen Floyd conned elderly women out of £300k |
(35 minutes later) | |
A man who conned two elderly women out of hundreds of thousands of pounds to fund his gambling has been jailed. | |
Stephen Floyd persuaded the women to grant him power of attorney after their husbands died and siphoned the cash from their accounts over 10 years. | Stephen Floyd persuaded the women to grant him power of attorney after their husbands died and siphoned the cash from their accounts over 10 years. |
He denied two counts of fraud by abuse of position, but was convicted after a trial at Southampton Crown Court. | |
Police described as "utterly contemptible" his actions, which included selling one victim's house. | |
Floyd, of Oakfield Gardens in Southampton, who was jailed for six years, met his victims - from Aldershot and Park Gate, Hampshire - when he was delivering food. | |
Hampshire Police said it led to him becoming increasingly involved in the care of the women, both now aged in their 80s. | |
Mortgage in victim's name | |
He persuaded them to change their wills to make him the main beneficiary and, with power of attorney, used their money for other purposes than their own care. | He persuaded them to change their wills to make him the main beneficiary and, with power of attorney, used their money for other purposes than their own care. |
In the case of the victim from Aldershot, he eventually placed her into nursing care, sold her house and spent £230,000 of her money. | In the case of the victim from Aldershot, he eventually placed her into nursing care, sold her house and spent £230,000 of her money. |
He lost over £50,000 of the money through gambling at bookmakers. | He lost over £50,000 of the money through gambling at bookmakers. |
Floyd also groomed his victim from Park Gate into trusting him and went on to take out £32,000 of loans and a £20,000 mortgage in her name. | Floyd also groomed his victim from Park Gate into trusting him and went on to take out £32,000 of loans and a £20,000 mortgage in her name. |
A police investigation was eventually launched when concerns were raised by the Office of Public Guardian about Floyd's role as the women's attorney. | |
PC Vicky Cobley said: "Floyd's actions been particularly distressing for both his victims and their families, due to their age and vulnerability. | PC Vicky Cobley said: "Floyd's actions been particularly distressing for both his victims and their families, due to their age and vulnerability. |
"In both cases Floyd took advantage of women who had recently been bereaved which is utterly contemptible." | "In both cases Floyd took advantage of women who had recently been bereaved which is utterly contemptible." |
Hampshire police said it was working to whatever money it could for Floyd's victims through the Proceeds of Crime Act. |
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