A financial advisor who stole £200,000 from an elderly and vulnerable Eastbourne man will be forced to pay it back.
Last year, Jonathan Pollard, 54, of Horsham, was convicted at Lewes Crown Court on October 8 following a trial, of two offences of theft, totalling £205,000.00 in 2006, from the Eastbourne man.
He was sentenced to three years in prison.
Pollard had initially met and given financial advice to the man from whom he eventually stole, in Horsham several years ago.
The victim, who is now 71, them moved to a flat in Eastbourne and had become vulnerable through illness.
Pollard arranged for a Power of Attorney to be taken out relating to the man’s financial affairs.
The flat was re mortgaged, and £215,000 from the man’s pension was withdrawn and taken by Pollard.
After Pollard’s sentencing police were determined to help the victim get some recompense.
A police financial investigator carried out a thorough examination of Pollard’s financial affairs and assets and on September 26 this year.
A confiscation order was made for £254,306.79 - the entire amount to be paid to the victim.
This figure includes an extra £49,306.79 to take account of the increase in the value of money since the time of the offence.
Pollard was given 21 days to pay £57,000 and six months to pay the remainder.
Should there be any delays he will be liable to three years further imprisonment and the debt will increase with interest charges.
Detective Inspector Mick Richards of the Sussex Police Economic Crime Unit said, “Pollard was first brought to justice thanks to the hard work of detectives in the force’s East Sussex Adult Protection Team.
“Once he was sentenced we carried out an in-depth investigation of his assets, and this enabled us to submit an application which the court fully accepted.
“We hope this is of further assistance and comfort to the victim and his family, and it also demonstrates that we can and will pursue offenders beyond conviction, for their ill-gotten gains.”