A financial advisor accused of involvement in a multi-million pound investment fraud has told a jury about his first meeting with Brighouse conman John Hirst.
Richard Pollett, 70, of Dorset, is a former accountant who moved to Mallorca in the late 1980s, and said when he first heard about Hirst’s investment scheme it looked too good to be true.
Pollett, who denies being part of a conspiracy to defraud investors in Mallorca, said Hirst told him he had worked for the Prudential and was involved in investing for family and friends.
The t Bradford Crown Court jury has heard Hirst was jailed in the early 1990s for a scam.
John Hirst, 61, of Millroyd Mill, Huddersfield Road, Brighouse, has accepted his involvement in the so-called ‘’Ponzi’’ scheme which swindled ex-pats in Mallorca out of millions of pounds.
Hirst’s 62-year-old wife Linda, from Surrey, his step-daughter Zoe Waite, 36, also from Surrey, and his 35-year-old solicitor son Daniel, of Marsh Lane, Leeds, have all denied money-laundering allegations.
The trial continues.