Solicitor facing jail over PS241,000 fraud; CROOKED GWYNEDD LAWYER SWINDLED CLIENTS FOR MORE THAN FIVE YEARS.
By ERYL CRUMP Daily Post Chief Reporter firstname.lastname@example.org A CROOKED solicitor, who swindled clients out of more than PS240,000, was today facing a lengthy prison sentence.
Peter Charles Davies admitted seven charges of fraud, forgery, using false documents and concealing criminal property when he appeared before a judge at Caernarfon Crown Court.
The court heard the 62-yearold, of Abergwyngregyn, Gwynedd, was employed as an assistant solicitor at the former Bangor-based Elwyn Jones & Co, which has now amalgamated with another company. Adjourning sentence Judge Huw Rees told Davies: "You don't need me to tell you that you face a serious position. The sentence will inevitably be one of imprisonment and the sentence will be of some length." He added the case involved a "substantial breach of trust" with Davies' former colleagues and the firm's clients.
The judge bailed Davies until next month for a pre-sentence report. Details of the case were not outlined during the brief hearing yesterday.
Matthew Dunford, prosecuting said the charges related to three of the firm's clients.
He said Davies made a series of improper transfers, created fraudulent wills and moved funds between various clients accounts for more than five years from May 2010.
He added the amount involved about PS241,000.
Defence counsel John Wyn Williams said Davies has been advised of the likely outcome to the guilty pleas and was realistic.
"The sentence must be one of custody. Through me he tenders apologies to his former colleagues and all the families affected by this case," he said.
The court heard his former employers had submitted a compensation claim for PS96,000 for the increase in its insurance premiums.
Davies was struck off as a solicitor following a Solicitors Disciplinary Tribunal in June 2017. In its report, published in August 2017, the tribunal said Davies' conduct was "disgraceful" and he had taken advantage of his position.