Mark Townson had been working as an L&G adviser at a branch of Virgin Money bank when he stole £465,000 from 91 year old Mary McDowell and her now late husband.
He is currently awaiting sentencing after a jury found him guilty of stealing the money from the frail pensioner, according to the Herald Scotland.
Townson had worked for L&G for 18 years, dealing with clients throughout Scotland and in Northern Ireland.
He advised the McDowell’s for ten years until 2013. The couple had £1.4m across various accounts, with Mr McDowell, a former pilot, receiving a pension of £50,000 a year.
Between January and October 2011 Townson took £385,090 from the McDowells savings.
In December 2012 he took another £80,000, at which point he was caught by his branch manager and suspended pending an investigation.
The former adviser said he was in “a desperate financial situation” caused by him supporting two other households as well as his own, that of his ex-wife and university student son.
He also owed money to family members as he had spent their share of his mother’s inheritance.
When caught, Townson claimed the money had been given to him as a gift, a claim Mrs McDowell denied.
