Financial services director jailed after conning 140 clients out of £13m

Alistair Greig from Midas Financial Solutions has been sentenced to 14 years in prison

Alistair Greig, a financial services director, has been jailed for 14 years after conning more than 140 clients out of £13m.

The 66-year-old told investors at Midas Financial Solutions he would put their money into a guaranteed, short term deposit scheme, and that he had exclusive access to high interest accounts with RBS.

In reality, Greig was using the money to invest in property, a classic car business and to treat himself to holidays.

The financial services director has been jailed for 14 years

Some investors did receive payments, but this money came from cash deposited by other investors.

Despite claiming that the fraud had been carried out by a former business partner, Greig, originally from Boston, Lincolnshire, was found guilty at the High Court in Edinburgh and jailed for 14 years.

Jennifer Harrower, procurator fiscal for specialist casework said: “The scale of Alistair Greig’s fraud was vast - he spent years lying to many people in order to defraud them out of millions of pounds

“In some cases, he took the life savings of people who had worked to save for retirement. All this to fund his own lifestyle.

“This sentence is the end of a lengthy and complex investigation that required the dedication of a skilled and knowledgeable team to bring it to prosecution.”

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