Anthony Gough, 57, who worked for New Forest Financial Management in Hampshire persuaded Elizabeth Ibaldi soon after her husband’s death to switch her investment to a company called F&C on the basis it would bring her a better return.
In fact, the money went into the pockets of Gough, who spent £70,000 paying off debts and invested the rest in a mortgage business called Mortgage Wizard.
A court sentenced Gough to 32 months in jail in May 2012 and his former employers compensated his victim. However, of the £105,000 he had stolen, The Daily Echo reported he has now been asked to pay the firm back a mere £5.
According to Prosecutor Ximena Jones, a thorough investigation had been launched into his finances but it was not possible to release equity from the property he owned with his wife.
