Further anguish for fraud victims

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Victims of a corrupt businessman are facing a further agonising wait to see if they can be compensated for the money they were defrauded out of.

Elderly investors may have to wait for over a year to find out if authorities can recoup at least some of their money.

Terry Warrington, of Michaelson Avenue, Morecambe, is serving four and a half years for conning 128 elderly investors out of a total of more than £5m in an elaborate savings scam, while his accomplice, Malcolm Barber, 70, of Links View, Wallasey - was jailed for four years at a hearing in January.

 

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