A HEARING will be held next month to see how much of the ill-gotten gains of a disgraced solicitor turned financial adviser can be recovered.

A court heard last Friday, June 8, how David Vaughan Jones, 79, from Leighton near Welshpool, had lost five stone since he was jailed for six years in May of last year after he fiddled clients to the tune of almost £1.5 million.

A financial hearing under The Proceeds of Crime Act (POCA) at Mold Court Court was adjourned until July 20 when his criminal benefit and the available amount to confiscate will be decided.

Judge Parry, who commented that he hardly recognised the defendant, agreed to a defence request that £200 a month could be paid from a restrained account for his living expenses while in prison to cover such things as new clothing, postage and telephone calls, shoes and toiletries.

It was not right that should be paid by his two daughters, he said.

He agreed the £1,300 expenses for selling the defendant’s home could be paid from a restrained account and ordered that the proceeds of the sale of his car could be paid into the account.

Defending barrister Jeremy Lasker said that valuation reports on the available amounts were due soon.

He said his client had been held at HMP Berwyn in Wrexham where he had been teaching Welsh to other inmates.

But he had now been transferred to Altcourse Prison in Liverpool where, until the POCA proceedings were over, it was not possible to re-categorise his status as a prisoner. He said the defendant hoped the judge might have some influence over the situation.

The judge said that while the administration of a prison was always down to the governor, he could say if it assisted that he considered the defendant was not a person who posed any risk.

Judge Parry said that the POCA hearing would be adjourned as there was a related high court hearing being held next week.

Jones, a founder member of the Evangelical Church in Newtown, Powys, conned friends, fellow churchgoers and others who trusted him with money.

He persuaded them to invest in off-shore accounts to generate a higher rate of interest than in the UK.

Jones was struck off by The Law Society in 1991 before describing himself as a financial adviser, tax consultant and accountant - although he never qualified as such.

He admitted 24 theft and fraud charges between 1994 -2015.

Orginally Judge Niclas Parry, sitting at Mold Crown Court, gave him “a remarkable chance” and deferred sentence for him to put “his money where his mouth is” and repay those who lost their savings.

Jones claimed money was held in the Channel Islands and he could compensate everyone.

Despite the fact that he asked for bank details of his victims not a penny was paid.