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Alan Barratt and Susan Dalton jailed over £13 million pension scam

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Alan Barratt and Susan Dalton jailed over £13 million pension scam

A man and woman were sentenced to prison for defrauding 245 individuals out of £13.7 million in pension funds.

Hundreds of people were duped into putting their pension assets into ten schemes operated by Alan Barratt, 62, and Susan Dalton, 66.

The average loss was £55,000, however some individuals lost far more.

Barratt was apprehended in Spain and deported to the UK in 2021, marking the first time the Pensions Regulator had done so.

Barratt and Dalton, from Essex and Lancashire, were both charged with fraud for abusing their positions as scheme trustees.

Barratt had initially denied the charges, but changed his mind in January.

The couple, who were headquartered in Spain, enticed individuals by promising unrealistic profits, bonuses, and even John Lewis gift cards.

Dalton made roughly £126,000 from the scheme, according to the trial, and Barratt made around £343,000.

They are believed to have given the majority of the money to Austin, who used it to fund businesses, pay other con participants, and enrich himself and his family.

The trio was ordered to refund millions in a civil lawsuit in 2018, but the money was mostly transferred to offshore accounts and has yet to be recovered.

He claimed she believed the projects were legitimate and even persuaded her brother to put £250,000 into them.

In November, a hearing to reclaim any remaining earnings will take place.

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