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| Broker jailed for £300,000 fraud | Broker jailed for £300,000 fraud |
| (20 minutes later) | |
| A mortgage broker who embezzled almost £300,000 from clients, including pensioners, has been jailed for 32 months. | A mortgage broker who embezzled almost £300,000 from clients, including pensioners, has been jailed for 32 months. |
| First offender Alexander Milne, 54, of Macduff, admitted taking £290,000 between 2002 and 2005 in Banff where his company was based. | First offender Alexander Milne, 54, of Macduff, admitted taking £290,000 between 2002 and 2005 in Banff where his company was based. |
| He promised 29 clients big returns if they invested with him. | |
| Jailing Milne at Peterhead Sheriff Court, Sheriff James Hendry said it was a "gross breach of trust". | Jailing Milne at Peterhead Sheriff Court, Sheriff James Hendry said it was a "gross breach of trust". |
| The former car salesman was initially successful in his venture, but then claimed clients would gain more money if he held on to their savings for further investments. | |
| 'Deserved better' | |
| The court heard it was unlikely the victims would get their money back. | |
| Sheriff Hendry told Milne: "I accept that you did not spend the money on a lavish lifestyle, however, you continued to accept money from clients. | |
| "It is a tragedy for you, your family and also for many investors who put their trust in you. | |
| "These were people who frankly deserved better treatment." |