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A MAN will appear at Preston Crown Court accused of the theft of £329,853 belonging to the investors of a broker bonds company.

Terry Warrington, 65, of Michaelson Avenue, Morecambe, is also jointly charged with another man with money laundering to the value of £4,998,623.78 between March 2002 and August 2010, conspiracy to defraud between December 19, 1999 and August 12, 2010 and failing to register with the Financial Services Authority between November 30, 2001 and August 12, 2010.

No plea was entered when he appeared at Lancaster Magistrates Court last Friday.

He is due to appear at Preston Crown Court on October 22.