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Ex-coroner William John Owen pleads guilty to £1m theft | Ex-coroner William John Owen pleads guilty to £1m theft |
(35 minutes later) | |
A former Carmarthenshire coroner has admitted stealing more than £1m from a farmer's estate to keep his failing law firm afloat. | |
Solicitor John Owen, 79, stole the money from John Williams after being made executor of his will. | |
He admitted 17 charges of theft and false accounting at Newport Crown Court on Tuesday. | |
Judge Tom Crowther QC said Owen breached trust "of the grossest sort" and said a prison sentence was likely. | |
The court was told no-one knows where the money has gone after it vanished from his firm in Llandeilo. | |
Janet McDonald, prosecuting, said: "The deceased was a long standing client of Mr Owen and he made him the executor of his estate. | |
'Suspected dishonesty' | |
"Owen would bill for work, charging it to the estate. He would then take the money without doing any work. | |
"The money was then taken out of the law firm's account." | |
Owen, Llandeilo, was arrested over the offences, which date back to 2003, in 2011 following an investigation by the Solicitors Regulation Authority after it said it had "reason to suspect dishonesty". | |
He also quit as coroner, a post he had held for 25 years. | |
Leah Pollard, defending, said: "Owen is a man of previous good character. He is currently receiving treatment for prostate cancer." | |
Releasing Owen on bail until sentence on 17 October, Judge Crowther said: "This was very serious, in breach of trust of the grossest sort. It seems to me that a custodial sentence is likely in this case." |