Stole more than £37,000
A company director who stole around 45,000 Euros from a client who had invested with his firm has been jailed for 15 months.
Fifty-nine-year-old Anthony Michel Fresson, who now lives in Crowborough, East Sussex, admitted taking the money between June and September 2009.
Fresson had been living in the Isle of Man and running a company called Aquis Trading Limited with another man, Francis Clarke, at the time of the offence.
A Belgian man had been talked into investing 50,000 Euros with Aquis in a foreign exchange scheme, with the promise of a 25% return per month for three months.
Just 4,000 Euros came back to him the following month, July 2009.
Fresson used some 28,000 Euros of the money to pay bills and travel expenses, believing or hoping the investment platform would come good and he could return the money.
It didn't, and he was unable to.
Fresson transferred a further 17,000 Euros to Mr Clarke and an associate of Mr Clarke.
The court heard Fresson has had problems with alcohol for years, and had been unable to recall a number of events from the time when police finally arrested him in 2014.
The time it had taken officers to decide to do this - some three years - was criticised by both Fresson's advocate, Peter Russell, and Deemster Alastair Montgomerie.
The latter said this had been one of the factors in him reducing the sentence from a starting point of two years.
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