Source Mersey Magazine
LOCAL CRICKET CLUB COMMITTEE MEMBER MALCOLM BARBER SENT TO PRISON FOR FOUR YEARS
Published January 17, 2014.
Disgraced Wirral businessman, Malcolm Barber, of Links View, Wallasey, has been sent to prison for 4 years for his part in a multi-million pounds fraud which cost dozens of elderly people their life savings
Sentencing 70 year old Barber, for many years a distinguished figure in local cricket and a former honorary treasurer of the Liverpool and District Cricket Competition, His Honour Judge Cornwall told him, “Each victim statement is painful to read and many are heart breaking” .
Barber had been convicted at the end of an eight week trial, when a jury at Preston Crown Court had taken just a few hours to convict him of his role in an investments swindle that left dozens of pensioners penniless.
The court had heard that Barber, along with a second man, Terry Warrington, from Morecambe, who had already pleaded guilty to fraudulent trading, played a leading role in two companies which promised “complete security” and “guaranteed high interest” fixed-rate bonds.
Many of the investors were pensioners who had put their life savings and retirement funds into two investment companies which were incorporated in the Bahamass
When the companies collapsed owing in the region of five million pounds, the investors were left with nothing.
Barber, who last year quit his role as honorary treasurer of the Liverpool and District Cricket Competition, but is still listed on New Brighton Cricket Club’s website as an official at the Rake Lane club, had denied four charges of fraudulent trading between December 2002 and autumn 2010 and one count of carrying out a unauthorised investment business, claiming he did not play a management role at the companies during the time in question.
Addressing the many victims who have suffered at the hands of Barber, Judge Cornwall said, “I understand the real harm that you have suffered and I am only too conscious that the harm continues after today”
Barber has also been banned from having any involvement as a director of a company for five years
Edited by organiser (17th Jan 2014 2:09pm)
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