Titan and CPS statement following sentencing of Terry Warrington and Malcolm Barber for fraud

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Malcolm Barber was well-known in Merseyside cricket circles as a former chairman and umpire. He used to run Liverpool & District Competition that Southport & Birkdale, Fleetwood Hesketh CC, Ainsdale and Formby play in. He quit his role as honorary treasurer of the Liverpool and District Cricket Competition (LDCC) ahead of the trial.

Titan and CPS statement following sentencing of Terry Warrington and Malcolm Barber for fraud

Two convicted fraudsters have been jailed today for a total of eight and a half years after Preston Crown Court heard they had swindled 128 investors out of £5 million.

Judge Cornwall QC jailed 67-year-old Terry Warrington from Morecombe in Lancashire to four years six months. Warrington had pleaded guilty last July to all offences (fraudulent trading, carrying on a regulated activity without being registered or authorised, and theft).

Malcolm Barber, aged 70, of Wallasey in Merseyside was handed a sentence of four years. Barber had denied the offences but was found guilty by a jury last November.

The pair were investigated by the regional asset recovery team within Titan, which is the North-west’s regional organised crime unit.

Detective Superintendent Jason Hudson, head of operations at Titan, said:

“Terry Warrington and Malcolm Barber are fraudsters who promised the earth to people but delivered very little.

“Their investors were often people enjoying the later stages of life who wanted to make the money that they had earned from a lifetime of hard work and financial prudence last a little bit longer.

“It was a classic case of the defendants ‘robbing Peter to pay Paul’. Despite having a £2m black hole in their finances and being insolvent, they continued to dupe investors into handing over more cash for the promise of returns that were never going to be achievable.

“Both men are responsible for a great deal of heartache and financial devastation suffered by dozens of people from both Merseyside and Lancashire, including some who actually regarded Warrington and Barber as their trusted friends.

“This case highlights the dangers people can leave themselves open to at the hands of predatory conmen like Malcolm Barber and Terry Warrington who care only about getting ahead in life themselves and not about the ruined lives they leave in their wake.

“I would like to thank my officers in our asset recovery team who worked tirelessly on this investigation and also the financial experts and Crown Prosecution Service lawyers for their expertise and professionalism during what has been a long and complex case.

“I would urge the general public to be mindful of getting involved in investments such as the ones touted about by Barber and Warrington – if it seems almost too good to be true, it probably is too good to be true.

“Always carry out due diligence and make the neccessary checks with the appropriate regulatory bodies and watchdogs before investing your hard-earned money with anyone.”

Tracey Ames, Senior District Crown Prosecutor from the Regional Asset Recovery Team (RART) said:

“Malcolm Barber and Terry Warrington have today been sentenced for their crimes which had a devastating impact on the victims in this case. They all trusted Malcolm Barber and Terry Warrington with substantial amounts of their money but at no stage were told that the men were in fact the beneficial shareholders of the two companies.

“They used the money invested in their companies in a variety of ways which prejudiced the investors’ interests, and they continued to accept investments when they should not have done so. As a result of their deceitful actions, many of the victims lost their life savings.

“We have been determined to bring Malcolm Barber and Terry Warrington to justice and we worked hard to piece together all the evidence in this complex investigation to build strong cases against both of them. This included gathering evidence from foreign jurisdictions.

“The fact that we were able to secure their convictions is testament to the partnership work of the CPS, police and other agencies who make up the North West Regional Asset Recovery Team.”

To find out more about how to protect yourself against fraudsters and other scams and online crime visit www.titanrocu.org.uk and follow the ‘Protect Yourself’ link or visit Titan’s You Tube page.

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