Selkirk financial adviser Angela Lauder jailed for fraud
- 16 December 2013
- From the section South Scotland
A financial adviser from the Borders has been jailed after she fraudulently obtained more than £158,000 from clients in a bid to save her business.
Angela Lauder, 43, of Selkirk, took the cash over a two-year period.
She was acting for a husband and wife when she withdrew the money from their Friends Provident investment fund and paid it into her own account.
The offence took place between May 2008 and October 2010. She was jailed for 16 months at Selkirk Sheriff Court.
Lauder - who set up her own business nearly a decade ago - admitted taking the money.
Defence lawyer Mat Patrick told the court: "Her business was struggling at the time.
"She thought she could repay the money but it went on again and again and it got out of control.
"She always thought she could get on top of it but in the end she couldn't."
Mr Patrick said Lauder was "full of remorse and co-operated fully with the police when the fraud was discovered".
However, Sheriff Peter Paterson said there was a "significant element of breach of trust" in the offence.
He said he would have imposed a two-year prison sentence but reduced it to 16 months to take into account the guilty plea and co-operation with the police.