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These are the user uploaded subtitles that are being translated: 1 00:00:04,880 --> 00:00:06,600 A close friend of my dad said that 2 00:00:06,640 --> 00:00:08,960 he's got this win-win deal, 3 00:00:09,000 --> 00:00:10,840 that it's 100% guaranteed. 4 00:00:10,880 --> 00:00:12,960 There was no reason, really, not to trust him. 5 00:00:13,000 --> 00:00:15,360 He looked very like he knew what he was doing. 6 00:00:15,400 --> 00:00:17,560 I thought it was a fast, safe buck. 7 00:00:18,560 --> 00:00:20,600 That's when he told us that he'd lost everything. 8 00:00:20,640 --> 00:00:22,920 My heart completely just dropped. 9 00:00:22,960 --> 00:00:24,640 He had stolen that money. 10 00:00:27,880 --> 00:00:29,920 They've lost £108,000, 11 00:00:29,960 --> 00:00:32,480 and the police can't really do anything about it. 12 00:00:32,520 --> 00:00:34,960 It's absolutely gut-wrenching. 13 00:00:35,000 --> 00:00:37,920 Jeff Arundell has lied to us and he's misled us. 14 00:00:37,960 --> 00:00:40,360 He manipulated everything to his favour. 15 00:00:40,400 --> 00:00:43,800 He planned it all, and we were just his puppets. 16 00:00:48,440 --> 00:00:50,360 Is this nightmare ever going to end? 17 00:01:01,600 --> 00:01:03,880 The historic city of Bath 18 00:01:03,920 --> 00:01:05,760 is home to the hard-working 19 00:01:05,800 --> 00:01:08,280 and close-knit McAlinden family. 20 00:01:09,240 --> 00:01:11,280 The eldest daughter, Kerry, 21 00:01:11,320 --> 00:01:13,440 works overseas, as a chef. 22 00:01:14,680 --> 00:01:17,360 I love cheffing. I'm a feeder. 23 00:01:17,400 --> 00:01:19,200 To put a plate of food in front of someone 24 00:01:19,240 --> 00:01:20,800 and them enjoy it is just the best. 25 00:01:20,840 --> 00:01:24,040 I wouldn't want to do anything else. 26 00:01:24,080 --> 00:01:26,360 But for homebird Kerry, 27 00:01:26,400 --> 00:01:28,880 working abroad can be tough. 28 00:01:28,920 --> 00:01:30,240 It's very hard work. 29 00:01:30,280 --> 00:01:32,120 It is on your feet 30 00:01:32,160 --> 00:01:34,280 from dusk till dawn. 31 00:01:34,320 --> 00:01:37,320 I had this dream, constant dream 32 00:01:37,360 --> 00:01:38,840 of setting up a cafe 33 00:01:38,880 --> 00:01:41,960 and being closer to family. 34 00:01:42,000 --> 00:01:45,400 It got me through the day, like, the really long days, 35 00:01:45,440 --> 00:01:48,720 just dreaming of my exit. 36 00:01:48,760 --> 00:01:51,920 So every little bit of savings was to better my life. 37 00:01:51,960 --> 00:01:58,280 While Kerry moved abroad, the rest of her family has remained in Bath. 38 00:01:58,320 --> 00:02:01,640 I'm one of five, so I've got a sister, then two younger brothers 39 00:02:01,680 --> 00:02:05,280 and a younger sister. My dad's very much like the head of the family. 40 00:02:05,320 --> 00:02:09,160 I was born in Bristol and I'm quite happy living in this vicinity, 41 00:02:09,200 --> 00:02:13,240 and all I've done is move closer to Bath. I like living here because 42 00:02:13,280 --> 00:02:15,920 there's an Area of Outstanding Natural Beauty just up the road. 43 00:02:15,960 --> 00:02:16,960 It's really, really pretty. 44 00:02:17,000 --> 00:02:18,960 The work ethic of the siblings 45 00:02:19,000 --> 00:02:21,920 has been greatly influenced by their father. 46 00:02:21,960 --> 00:02:24,360 I've always worked hard. I left school and did an apprenticeship 47 00:02:24,400 --> 00:02:27,800 at Rolls-Royce, and finished it, but didn't like it. 48 00:02:27,840 --> 00:02:29,560 I didn't like being told what to do. 49 00:02:29,600 --> 00:02:32,320 So I've been self-employed since I was 21. 50 00:02:32,360 --> 00:02:37,360 I've gone from engineer to vehicles to property developing 51 00:02:37,400 --> 00:02:39,880 and holiday lets in Bristol and Bath. 52 00:02:39,920 --> 00:02:41,600 Anything I wanted, I worked for it. 53 00:02:41,640 --> 00:02:42,880 I never got given anything. 54 00:02:42,920 --> 00:02:47,080 He's a grafter. He's a very business-minded man. 55 00:02:47,120 --> 00:02:50,400 He's come from not a lot to starting his own businesses, 56 00:02:50,440 --> 00:02:52,880 so he always throws us in with him 57 00:02:52,920 --> 00:02:54,280 or, like, wants to get us involved. 58 00:02:54,320 --> 00:02:56,040 And he's the most generous bloke 59 00:02:56,080 --> 00:02:57,800 as well. He will always help. 60 00:02:57,840 --> 00:03:01,400 Out of all my children, Joseph's got a similar personality to me. 61 00:03:01,440 --> 00:03:03,840 He was actually born on my birthday, the same day. 62 00:03:03,880 --> 00:03:05,640 Any trouble we've got, 63 00:03:05,680 --> 00:03:09,000 the first person any of us would ring would be him. 64 00:03:09,040 --> 00:03:10,480 My dad is definitely a family man. 65 00:03:10,520 --> 00:03:12,560 He's the sort of glue that holds us together. 66 00:03:12,600 --> 00:03:15,120 Christian's very, very methodical 67 00:03:15,160 --> 00:03:16,960 and honest. 68 00:03:17,000 --> 00:03:19,560 Kerry, again, works very, very hard. 69 00:03:19,600 --> 00:03:22,440 I've always encouraged them to do what they like doing. 70 00:03:22,480 --> 00:03:24,120 If you enjoy what you do, 71 00:03:24,160 --> 00:03:26,560 then you go to work happy every day. 72 00:03:26,600 --> 00:03:30,040 We always go to him for advice with everything. 73 00:03:30,080 --> 00:03:31,920 We all get on really well. 74 00:03:31,960 --> 00:03:34,240 We're a big family, but like a tight family as well. 75 00:03:35,760 --> 00:03:38,400 I love all my kids. I'm really proud of them. 76 00:03:41,080 --> 00:03:43,400 In late November 2016, 77 00:03:43,440 --> 00:03:46,280 Kerry receives a call from dad James 78 00:03:46,320 --> 00:03:50,480 about a proposition from family friend Jeff Arundell 79 00:03:50,520 --> 00:03:53,600 that could help with her business aspirations. 80 00:03:53,640 --> 00:03:57,200 Jeff approached my dad and said that he's got this win-win deal 81 00:03:57,240 --> 00:04:01,520 that is an investment, it's 100% guaranteed. 82 00:04:01,560 --> 00:04:04,560 James also invites his other children 83 00:04:04,600 --> 00:04:07,080 to listen to Jeff's proposal. 84 00:04:07,120 --> 00:04:09,200 Dad suggested we pop into Bath 85 00:04:09,240 --> 00:04:12,040 to get lunch and meet up with Jeff. 86 00:04:12,080 --> 00:04:14,080 Dad obviously spoke to us because 87 00:04:14,120 --> 00:04:17,000 he wants us to benefit from anything that he benefits from. 88 00:04:17,040 --> 00:04:18,960 Well, I thought if they got the money that he was offering 89 00:04:19,000 --> 00:04:20,200 and it's going to help them out, 90 00:04:20,240 --> 00:04:21,960 I thought it would be a nice little 91 00:04:22,000 --> 00:04:23,600 extra bit of money for them. 92 00:04:25,160 --> 00:04:29,400 James trusts Jeff, who he knows makes money on the stock market. 93 00:04:29,440 --> 00:04:32,080 And Jeff's spotted a guaranteed winner. 94 00:04:34,480 --> 00:04:38,400 He said a very promising pharmaceutical company 95 00:04:38,440 --> 00:04:41,640 was about to announce a cure for cancer, 96 00:04:41,680 --> 00:04:43,360 and that their shares would rocket. 97 00:04:43,400 --> 00:04:46,240 And he said he'd only ever had that once in his life before, 98 00:04:46,280 --> 00:04:47,800 and he earned a lot of money. 99 00:04:47,840 --> 00:04:50,080 He said, "So if you want to put some money in, 100 00:04:50,120 --> 00:04:52,320 "you can join me with that." 101 00:04:54,600 --> 00:04:56,120 Probably about 15 years ago, 102 00:04:56,160 --> 00:04:59,600 I met Jeff and we started talking. 103 00:04:59,640 --> 00:05:01,160 He's quite sociable, 104 00:05:01,200 --> 00:05:03,600 quite funny and a likeable chap. 105 00:05:03,640 --> 00:05:07,880 We did become quite close and we had similar interests. 106 00:05:07,920 --> 00:05:11,720 He was just one of those wealthy people, I guess. 107 00:05:13,000 --> 00:05:15,400 He carried himself well, he dressed well. 108 00:05:15,440 --> 00:05:18,120 He drove a Bentley and, like, lived in a nice house 109 00:05:18,160 --> 00:05:19,480 near the centre of Bath. 110 00:05:19,520 --> 00:05:22,320 He always gave off the allure of having a lot of money. 111 00:05:22,360 --> 00:05:25,200 A bit of a Champagne Charlie, always had the champagne going. 112 00:05:25,240 --> 00:05:28,080 He was very friendly, very charismatic. 113 00:05:28,120 --> 00:05:31,280 He was very confident. He knew everyone. 114 00:05:31,320 --> 00:05:34,680 He had a very good reputation 115 00:05:34,720 --> 00:05:36,960 with people that Dad knew as well. 116 00:05:39,080 --> 00:05:41,600 He was a good friend of all of us. 117 00:05:43,920 --> 00:05:46,760 Before Jeff's meeting with the McAlinden children, 118 00:05:46,800 --> 00:05:49,960 their father, James, has already decided to invest 119 00:05:50,000 --> 00:05:54,200 £50,000 in his friend's business proposition. 120 00:05:54,240 --> 00:05:58,480 The whole deal was, if you put the 50,000 down initially, 121 00:05:58,520 --> 00:06:00,120 within two or three weeks, 122 00:06:00,160 --> 00:06:02,000 you'd get a 75% return. 123 00:06:02,040 --> 00:06:06,040 So I would put 50 in and get nearly 90 grand back out, 124 00:06:06,080 --> 00:06:07,520 after about three weeks. 125 00:06:07,560 --> 00:06:11,000 Jeff said he's putting in quite a substantial amount himself 126 00:06:11,040 --> 00:06:14,000 and he'll get 25% for looking after us. 127 00:06:14,040 --> 00:06:16,760 He has only ever had this once before 128 00:06:16,800 --> 00:06:19,560 and he earned, like, half a million from it. 129 00:06:19,600 --> 00:06:22,400 It was a sure thing, according to Jeff. 130 00:06:22,440 --> 00:06:25,400 Yeah, I thought it was a fast, safe buck. 131 00:06:26,560 --> 00:06:29,000 When a friend presents a proposition like this, 132 00:06:29,040 --> 00:06:31,440 you go on trust. You will 133 00:06:31,480 --> 00:06:34,240 take their word for it, and in this instance, 134 00:06:34,280 --> 00:06:36,520 Jeffrey's putting this in a way to James that 135 00:06:36,560 --> 00:06:38,200 it's privileged information. 136 00:06:38,240 --> 00:06:41,200 James trusted Jeffrey, in the sense that 137 00:06:41,240 --> 00:06:43,440 Jeffrey was in this game already. 138 00:06:45,600 --> 00:06:48,720 But with a deal that Jeff says could earn the McAlindens 139 00:06:48,760 --> 00:06:53,320 huge sums of money, Kerry begins to feel wary. 140 00:06:53,360 --> 00:06:55,480 I just had a little bit of an inkling of a doubt, 141 00:06:55,520 --> 00:06:57,720 and I said, "Well, what happens if it all falls through?" 142 00:06:57,760 --> 00:06:59,840 And he was very snidey and just said, 143 00:06:59,880 --> 00:07:01,520 "Oh, you're a smart one, you are." 144 00:07:01,560 --> 00:07:04,480 Almost like belittled me and sort of put me down. 145 00:07:04,520 --> 00:07:08,360 But he was not pushy. 146 00:07:08,400 --> 00:07:12,080 He's been so reassuring that everything is, like, 147 00:07:12,120 --> 00:07:13,480 such a good investment. 148 00:07:13,520 --> 00:07:17,400 We knew it was an actual company. 149 00:07:17,440 --> 00:07:20,360 It was definitely a legit investment. 150 00:07:20,400 --> 00:07:23,520 You're helping out a company that's, like, cancer research, 151 00:07:23,560 --> 00:07:27,440 and also, hopefully, gaining something from it as well. 152 00:07:27,480 --> 00:07:29,600 I've no reason to mistrust him. 153 00:07:29,640 --> 00:07:32,880 The biggest thing he said was that if it failed, 154 00:07:32,920 --> 00:07:34,960 he would guarantee it with his own money. 155 00:07:35,000 --> 00:07:40,240 With that reassurance, you obviously think it IS a win-win. 156 00:07:40,280 --> 00:07:43,360 If it doesn't go the way we think it is, we'll get our money back. 157 00:07:43,400 --> 00:07:45,440 Which obviously sounds great. 158 00:07:45,480 --> 00:07:49,080 I was only 21 at the time, and I was seeing a girl 159 00:07:49,120 --> 00:07:50,960 and we wanted to go travelling, 160 00:07:51,000 --> 00:07:52,520 and this investment came, 161 00:07:52,560 --> 00:07:54,280 I thought, at the perfect time. 162 00:07:54,320 --> 00:07:57,080 Losing all our money was completely out of the question. 163 00:07:57,120 --> 00:07:59,880 I didn't even see that as a possibility. 164 00:08:01,680 --> 00:08:05,280 Kerry also sees this deal as a golden opportunity 165 00:08:05,320 --> 00:08:06,920 to realise her dreams. 166 00:08:06,960 --> 00:08:09,760 It's hard to save money. 167 00:08:09,800 --> 00:08:13,200 The investment would have taken me a lot closer 168 00:08:13,240 --> 00:08:16,480 to my dream of opening up my own place. 169 00:08:16,520 --> 00:08:19,680 And it means that I can move back home, 170 00:08:19,720 --> 00:08:22,840 I can be closer to my family. I was just so excited. 171 00:08:22,880 --> 00:08:28,000 The McAlindens believe in Jeff's investment scheme. 172 00:08:28,040 --> 00:08:30,000 He was quite well trusted throughout the Bath community. 173 00:08:30,040 --> 00:08:31,720 That's the impression he gave off. 174 00:08:31,760 --> 00:08:34,360 So, from the outside, looking at his life, 175 00:08:34,400 --> 00:08:36,080 he looked like he knew what he was doing. 176 00:08:36,120 --> 00:08:38,320 I had no reason to mistrust him. 177 00:08:38,360 --> 00:08:40,720 There was no bad reputations going about about him. 178 00:08:42,960 --> 00:08:44,400 On top of James' 179 00:08:44,440 --> 00:08:47,280 initial investment of £50,000, 180 00:08:47,320 --> 00:08:49,280 Kerry and the rest of her family 181 00:08:49,320 --> 00:08:51,840 agree to invest their life savings. 182 00:08:53,040 --> 00:08:55,240 They all sent six grand, 20 grand, 183 00:08:55,280 --> 00:08:56,840 four grand, whatever they had. 184 00:08:56,880 --> 00:08:59,640 He gave us his bank details and we transferred it 185 00:08:59,680 --> 00:09:01,560 straight into Jeff's bank. 186 00:09:01,600 --> 00:09:07,360 To see your savings transfer out of your account into someone else's, 187 00:09:07,400 --> 00:09:09,720 like, it is, like, it's horrible. 188 00:09:09,760 --> 00:09:12,000 That's, like, all my hard work. 189 00:09:12,040 --> 00:09:14,600 It was all done on trust, 190 00:09:14,640 --> 00:09:16,760 and the fact that he said he'd give the money back. 191 00:09:16,800 --> 00:09:20,520 You just don't expect someone that is a friend of the family 192 00:09:20,560 --> 00:09:24,360 to take all your savings and just...just ruin your life. 193 00:09:35,000 --> 00:09:36,680 In late 2016, 194 00:09:36,720 --> 00:09:39,120 Jeff Arundell convinces his friends, 195 00:09:39,160 --> 00:09:42,200 the McAlinden family, to invest thousands of pounds 196 00:09:42,240 --> 00:09:45,360 on shares that he believes will increase in value 197 00:09:45,400 --> 00:09:46,920 in just a few weeks. 198 00:09:49,120 --> 00:09:51,200 Jeff said, from the initial meeting, 199 00:09:51,240 --> 00:09:53,720 that we would get our money back, 200 00:09:53,760 --> 00:09:55,520 at the very least, and he'd guarantee that. 201 00:09:55,560 --> 00:09:58,720 He was going to earn money on that investment and then pay us back 202 00:09:58,760 --> 00:10:00,280 a return of 75%. 203 00:10:00,320 --> 00:10:03,360 Everybody's going to benefit, especially my kids, 204 00:10:03,400 --> 00:10:04,960 in about two or three weeks' time. 205 00:10:05,000 --> 00:10:07,360 After sending the money, 206 00:10:07,400 --> 00:10:09,360 I've gone back to work, 207 00:10:09,400 --> 00:10:11,880 and it's quite a lot of excitement because you just think, 208 00:10:11,920 --> 00:10:13,240 I'm getting closer to my dream. 209 00:10:13,280 --> 00:10:15,600 We were tracking it every day. 210 00:10:15,640 --> 00:10:17,720 I was excited about the deal. Really excited, to be honest. 211 00:10:17,760 --> 00:10:21,000 I set up my own company, doing fencing. 212 00:10:21,040 --> 00:10:24,120 We were just starting to get a bit of a flow, where I could take on 213 00:10:24,160 --> 00:10:26,000 some more employees to kind of alleviate 214 00:10:26,040 --> 00:10:27,960 the labour side of things, so that I could focus 215 00:10:28,000 --> 00:10:30,120 more on the sales side of it. 216 00:10:30,160 --> 00:10:33,760 The investment coming off would have been just the perfect 217 00:10:33,800 --> 00:10:36,800 time of my life, really, to have that extra 218 00:10:36,840 --> 00:10:39,360 injection of cash into the business to help grow it. 219 00:10:42,360 --> 00:10:45,760 Jeff is so positive about the success of 220 00:10:45,800 --> 00:10:47,680 this stock that the McAlindens 221 00:10:47,720 --> 00:10:49,760 decide to invest even more money. 222 00:10:51,360 --> 00:10:55,720 We started off with a smaller amount. 223 00:10:55,760 --> 00:10:59,280 The more we spoke about it with him and between us, 224 00:10:59,320 --> 00:11:02,000 it did sound too good to not put more money in. 225 00:11:02,040 --> 00:11:04,800 So we scraped together even more money 226 00:11:04,840 --> 00:11:07,800 and just kept on putting as much money as we could in. 227 00:11:07,840 --> 00:11:11,480 I even put the next £2,000 of my investment on a credit card. 228 00:11:12,800 --> 00:11:16,240 We were all elated. We were so excited, to the point where 229 00:11:16,280 --> 00:11:18,480 I was just like, "Oh, I wonder if I can sort of 230 00:11:18,520 --> 00:11:20,160 "invest something from my credit card." 231 00:11:20,200 --> 00:11:22,560 We all felt so reassured that putting it on 232 00:11:22,600 --> 00:11:25,480 a credit card didn't seem like much of a deal, 233 00:11:25,520 --> 00:11:27,360 because there was a specific date when 234 00:11:27,400 --> 00:11:30,440 we'd be getting our money back anyway, so it wouldn't have even 235 00:11:30,480 --> 00:11:32,080 accrued any interest on the credit card. 236 00:11:32,120 --> 00:11:35,200 These additional payments increase the sum that 237 00:11:35,240 --> 00:11:40,480 the family has invested to a total of £108,000. 238 00:11:40,520 --> 00:11:43,400 Jeff said, "Just wait a couple of weeks and everything will be fine 239 00:11:43,440 --> 00:11:44,880 "and you'll get your money back." 240 00:11:44,920 --> 00:11:47,160 Obviously, then, we were counting the days down. 241 00:11:47,200 --> 00:11:49,480 That date came and went and nothing happened. 242 00:11:51,520 --> 00:11:52,720 He said, "Don't worry, don't worry. 243 00:11:52,760 --> 00:11:54,640 "It's still going to happen, it's still going to happen." 244 00:11:54,680 --> 00:11:56,200 So we waited again and waited again. 245 00:11:56,240 --> 00:11:59,880 The more it dragged it on, the more apprehensive we were getting, 246 00:11:59,920 --> 00:12:03,360 cos we're like, when is it actually going to start rising? 247 00:12:04,640 --> 00:12:07,560 The McAlindens monitor the share price closely, 248 00:12:07,600 --> 00:12:10,160 but it shows no signs of increasing, 249 00:12:10,200 --> 00:12:12,560 and they start to feel more concerned. 250 00:12:13,720 --> 00:12:16,440 At this stage, going into Christmas, I really needed that money. 251 00:12:16,480 --> 00:12:18,520 It just completely skinted me out. 252 00:12:19,920 --> 00:12:21,520 And then we rang him and he said, "Be patient. 253 00:12:21,560 --> 00:12:24,560 "It's going to take a couple more days and I'll get it sorted out." 254 00:12:26,520 --> 00:12:30,280 Jeff reassures the family that they will receive their money when 255 00:12:30,320 --> 00:12:32,920 the company makes its announcement. 256 00:12:32,960 --> 00:12:38,280 But with the investment past its due date, Kerry gets cold feet. 257 00:12:38,320 --> 00:12:40,960 After sending the money, I just... 258 00:12:41,000 --> 00:12:43,080 Yeah, I don't feel good about it. 259 00:12:43,120 --> 00:12:45,240 So, I was at home, 260 00:12:45,280 --> 00:12:47,320 visiting my family on holiday. 261 00:12:47,360 --> 00:12:51,680 I found out that the investment was not going to plan, 262 00:12:51,720 --> 00:12:55,280 and I begged Jeff to take it out, 263 00:12:55,320 --> 00:12:57,480 because I didn't want to lose that money. 264 00:12:57,520 --> 00:12:59,000 I just said, "I don't want to do it any more. 265 00:12:59,040 --> 00:13:01,680 "Please take my money out." And he said, "No, it's too late." 266 00:13:01,720 --> 00:13:04,240 He's like, "Don't panic, it's all going to turn out OK." 267 00:13:04,280 --> 00:13:06,040 But he kept fobbing us off a little bit 268 00:13:06,080 --> 00:13:08,760 and then stopped answering our calls. 269 00:13:08,800 --> 00:13:10,520 This is when it got a bit scary, yeah. 270 00:13:10,560 --> 00:13:12,240 That was when it started to... 271 00:13:12,280 --> 00:13:14,040 Just something wasn't right. 272 00:13:17,920 --> 00:13:22,080 In January 2017, a few weeks past the deadline, 273 00:13:22,120 --> 00:13:25,560 Jeff finally agrees to a meeting to provide an update. 274 00:13:27,200 --> 00:13:29,400 He said he'd come up to the house, 275 00:13:29,440 --> 00:13:30,760 and it was just me and my dad. 276 00:13:30,800 --> 00:13:32,480 Jeff is normally quite flamboyant, 277 00:13:32,520 --> 00:13:34,680 driving a Bentley or driving a nice car. 278 00:13:34,720 --> 00:13:37,680 And then he arrives...not that well dressed, 279 00:13:37,720 --> 00:13:42,080 looking very ashen, in a P-reg Volkswagen Polo. 280 00:13:42,120 --> 00:13:45,000 So as soon as we see him in this vehicle that's not worth 281 00:13:45,040 --> 00:13:47,360 a lot of money, alarm bells start ringing 282 00:13:47,400 --> 00:13:49,280 and I'm not expecting good news from him. 283 00:13:50,880 --> 00:13:53,240 That's when he told us that he'd lost everything. 284 00:13:54,480 --> 00:13:56,200 Wow! We couldn't believe it. 285 00:13:56,240 --> 00:13:58,920 I was... I think I went white. 286 00:13:58,960 --> 00:14:02,320 I just looked at my dad, I was like, "Well, what are you going to say?" 287 00:14:02,360 --> 00:14:03,640 Joe said, "How did you manage that?" 288 00:14:03,680 --> 00:14:07,280 And that's when he explained that he essentially 289 00:14:07,320 --> 00:14:10,360 gambled the money, rather than invested the money. 290 00:14:10,400 --> 00:14:14,600 Jeff admits rather than investing the family's money into this 291 00:14:14,640 --> 00:14:18,440 guaranteed stock, he used a technique called spread betting - 292 00:14:18,480 --> 00:14:23,040 a hugely risky undertaking, with the potential for big gains, 293 00:14:23,080 --> 00:14:26,240 but also, the risk of big losses. 294 00:14:26,280 --> 00:14:29,880 Spread betting's when you don't actually own, physically, the share 295 00:14:29,920 --> 00:14:32,680 itself, but you're betting on how well it's going to perform. 296 00:14:32,720 --> 00:14:35,600 None of this was explained. 297 00:14:35,640 --> 00:14:37,000 From my point of view, 298 00:14:37,040 --> 00:14:39,560 he was just investing in a stock, like you normally do, 299 00:14:39,600 --> 00:14:41,320 and that stock was going to go up, 300 00:14:41,360 --> 00:14:42,680 but that wasn't the case. 301 00:14:42,720 --> 00:14:45,680 And then he said that he didn't have any money, 302 00:14:45,720 --> 00:14:47,920 that he'd invested everything himself as well, 303 00:14:47,960 --> 00:14:49,920 so he didn't have anything to pay us back. 304 00:14:49,960 --> 00:14:52,480 I mean, he carried himself like he had lots of money, 305 00:14:52,520 --> 00:14:55,640 so the fact that he didn't have any money himself 306 00:14:55,680 --> 00:14:57,040 was actually quite a shock. 307 00:14:57,080 --> 00:15:00,680 He came across quite genuine that he had lost our money, 308 00:15:00,720 --> 00:15:03,480 he'd made a mistake and was really sorry about it. 309 00:15:03,520 --> 00:15:06,640 He said, "But don't worry, I'm going to pay you back, as I promised." 310 00:15:06,680 --> 00:15:08,440 So we're like, "How are you going to do that?" 311 00:15:08,480 --> 00:15:10,640 He's like, "I'll borrow it to pay it back." 312 00:15:11,880 --> 00:15:17,120 The McAlindens have no choice but to wait for Jeff to return their money. 313 00:15:17,160 --> 00:15:19,600 I'd invested everything that I'd got, 314 00:15:19,640 --> 00:15:21,720 which was really stupid, really. 315 00:15:21,760 --> 00:15:24,320 I had to sort of live off the credit card, until I got paid. 316 00:15:25,720 --> 00:15:29,160 But after a month, Jeff still hasn't paid them back, 317 00:15:29,200 --> 00:15:30,560 so the family meets him again 318 00:15:30,600 --> 00:15:32,800 to find out what's happening. 319 00:15:32,840 --> 00:15:35,240 I was feeling nervous going into that meeting, 320 00:15:35,280 --> 00:15:39,120 just because I didn't want to know the outcome if it wasn't that 321 00:15:39,160 --> 00:15:43,000 we were going to get the money back. So, nervous, scared. 322 00:15:43,040 --> 00:15:46,320 I thought Jeff would turn up with, you know, 323 00:15:46,360 --> 00:15:48,840 lots of paperwork, bank statements, 324 00:15:48,880 --> 00:15:52,960 giving us a trail of where the money's been, gone, 325 00:15:53,000 --> 00:15:55,840 and he turned up with nothing. 326 00:15:59,480 --> 00:16:01,880 I just thought, in my head, 327 00:16:01,920 --> 00:16:04,480 what about if I just record this? 328 00:16:04,520 --> 00:16:07,640 I just wanted to get something on him, 329 00:16:07,680 --> 00:16:12,000 so I opened the Voice Memos app on my phone, hit record, 330 00:16:12,040 --> 00:16:15,440 put it face-down on the table, and it was all there to be heard. 331 00:16:23,720 --> 00:16:24,920 He said that he couldn't find 332 00:16:24,960 --> 00:16:28,360 anyone else to borrow off that he could pay back. 333 00:16:30,040 --> 00:16:32,440 My heart completely just dropped. 334 00:16:33,600 --> 00:16:36,840 The whole atmosphere in the room, you could cut it with a knife. 335 00:16:36,880 --> 00:16:39,080 Everyone's gone silent. What do you say? 336 00:16:39,120 --> 00:16:40,960 We're still trying to take it in, you know? 337 00:16:45,640 --> 00:16:48,400 I just burst into tears. It was just... 338 00:16:48,440 --> 00:16:51,160 Yeah, it's just not very nice to see that 339 00:16:51,200 --> 00:16:53,560 everything you've worked hard for and your dream, and... 340 00:16:54,800 --> 00:16:57,040 ..is just gone, just like that. 341 00:16:57,080 --> 00:16:59,280 Just thinking about the fact I'm not going to be able to go 342 00:16:59,320 --> 00:17:02,880 travelling now. We'd booked all of our travelling, we'd planned 343 00:17:02,920 --> 00:17:06,480 our route and where we're going to go, erm, booked flights. 344 00:17:06,520 --> 00:17:08,800 So when we found out that the money had gone, 345 00:17:08,840 --> 00:17:10,800 that kind of put it all in jeopardy. 346 00:17:17,960 --> 00:17:20,640 The minute he told me he didn't have it to pay back, 347 00:17:20,680 --> 00:17:24,120 I said, "Sell your car, then. I want my money back." 348 00:17:24,160 --> 00:17:27,360 We asked him where his Bentley was, he said that was gone months ago. 349 00:17:27,400 --> 00:17:29,920 And then I tell him to sell his wife's jewellery. Anything. 350 00:17:29,960 --> 00:17:31,400 I am raving mad. 351 00:17:31,440 --> 00:17:32,480 "Sell anything you've got. 352 00:17:32,520 --> 00:17:33,720 "You told me you're going to give 353 00:17:33,760 --> 00:17:34,840 "the money back. I want it back." 354 00:17:38,080 --> 00:17:41,240 I'm thinking, how, like, have you not got your house? 355 00:17:53,640 --> 00:17:55,640 He almost has this, like, 356 00:17:55,680 --> 00:17:58,360 assumption that Dad's got loads of money 357 00:17:58,400 --> 00:18:03,360 and it's no skin off of his nose to pay all of us back, basically. 358 00:18:03,400 --> 00:18:07,560 So that's probably why he was a target to begin with. 359 00:18:07,600 --> 00:18:10,280 Jeffrey is not taking any responsibility for what's happened. 360 00:18:10,320 --> 00:18:13,080 You know, "This has got nothing to do with me any more." 361 00:18:13,120 --> 00:18:17,840 Again, another tactic to shamelessly deflect. 362 00:18:17,880 --> 00:18:20,760 He really does come across as arrogant and self-assured. 363 00:18:20,800 --> 00:18:24,640 I kind of look to my dad like, "How's this happened?" 364 00:18:24,680 --> 00:18:28,320 I didn't blame him. It was my money, it was my investment. 365 00:18:28,360 --> 00:18:31,160 But I kind of like, "How did you get this so wrong?" 366 00:18:32,760 --> 00:18:35,760 I think I've let my children down as well. 367 00:18:35,800 --> 00:18:37,640 Especially the fact that I'd encouraged all my family 368 00:18:37,680 --> 00:18:40,400 and children to get involved with somebody I trusted them on, 369 00:18:40,440 --> 00:18:43,040 then that made me feel devastated, really, that 370 00:18:43,080 --> 00:18:46,040 I'd trusted someone who didn't give a monkey's. 371 00:19:06,240 --> 00:19:08,240 So he didn't even have answers. He just said it had gone, 372 00:19:08,280 --> 00:19:10,880 and that was it, and very blase about the whole situation. 373 00:19:10,920 --> 00:19:13,520 He just changed as a person. 374 00:19:13,560 --> 00:19:16,000 Like, stone-cold, and just wasn't 375 00:19:16,040 --> 00:19:19,960 this loving, jovial person that we'd seen previously. 376 00:19:20,000 --> 00:19:23,000 You just lose just all faith, and it's just like, 377 00:19:23,040 --> 00:19:24,880 it's absolutely gut-wrenching. 378 00:19:26,480 --> 00:19:29,080 This is a huge blow for the McAlindens. 379 00:19:29,120 --> 00:19:33,160 You know, Jeffrey had promised them the funds back. 380 00:19:33,200 --> 00:19:37,120 That's the true hallmark of a good friend. 381 00:19:37,160 --> 00:19:42,400 He's then manipulated them through the assurances that he's given them, 382 00:19:42,440 --> 00:19:44,120 and he's kept himself safe. 383 00:19:44,160 --> 00:19:49,360 There's no documentation, there's no written consent, nothing like that. 384 00:19:51,160 --> 00:19:53,880 Suspecting they may have been part of a con, 385 00:19:53,920 --> 00:19:56,240 the McAlindens report Jeff to the police. 386 00:19:57,680 --> 00:19:59,920 We come across all different types of fraud 387 00:19:59,960 --> 00:20:02,000 where somebody makes a representation, 388 00:20:02,040 --> 00:20:03,360 says something to someone 389 00:20:03,400 --> 00:20:05,880 and they do so dishonestly, 390 00:20:05,920 --> 00:20:08,720 with a view to either making a gain for themselves 391 00:20:08,760 --> 00:20:10,680 or exposing someone else to a risk 392 00:20:10,720 --> 00:20:13,680 of loss, or causing a loss to someone else. 393 00:20:15,160 --> 00:20:19,240 The McAlindens invested a total of £108,000 between them, 394 00:20:19,280 --> 00:20:23,160 which is a huge amount of money for anyone. 395 00:20:23,200 --> 00:20:25,120 But at the point that they placed the bet, 396 00:20:25,160 --> 00:20:29,040 they believed they were investing in shares. It wasn't until later 397 00:20:29,080 --> 00:20:31,200 that they found out that it was spread betting. 398 00:20:32,880 --> 00:20:36,560 On a criminal level, if Jeffrey said that he's been buying shares 399 00:20:36,600 --> 00:20:39,720 with the money and he hasn't, this is deemed as a fraud. 400 00:20:41,560 --> 00:20:44,680 So at this point, we're trying to figure out whether there are any 401 00:20:44,720 --> 00:20:46,240 representations that are made 402 00:20:46,280 --> 00:20:48,840 by Jeff that we can prove as being 403 00:20:48,880 --> 00:20:51,200 a fraud, and namely, the fact that 404 00:20:51,240 --> 00:20:53,560 he'd promised them their stake money. 405 00:20:55,000 --> 00:20:59,000 It really depends on what he told them at the time that they made 406 00:20:59,040 --> 00:21:02,000 their investment and whether he was dishonest in that, 407 00:21:02,040 --> 00:21:04,280 because in any fraud, you need dishonesty. 408 00:21:05,720 --> 00:21:08,800 Although the McAlindens believe they have been scammed by Jeff, 409 00:21:08,840 --> 00:21:11,760 they have no way of proving it. 410 00:21:11,800 --> 00:21:13,840 Effectively, it's Jeffrey's word 411 00:21:13,880 --> 00:21:15,320 against the McAlindens 412 00:21:15,360 --> 00:21:16,800 about what he's told them 413 00:21:16,840 --> 00:21:18,640 he's spending their money on. 414 00:21:18,680 --> 00:21:21,480 This isn't a business deal, there's no contract. 415 00:21:21,520 --> 00:21:23,480 This is a deal that's basically been done on 416 00:21:23,520 --> 00:21:27,440 a gentleman's handshake, and it's all based on friendship and trust. 417 00:21:27,480 --> 00:21:28,840 And without any paperwork, 418 00:21:28,880 --> 00:21:30,440 and without any signed documents, 419 00:21:30,480 --> 00:21:32,240 it's really difficult for the police 420 00:21:32,280 --> 00:21:33,600 to prove what's been promised. 421 00:21:33,640 --> 00:21:38,000 So, obviously, the McAlindens were quite upset at this point. 422 00:21:38,040 --> 00:21:40,640 We don't seem to be getting anywhere with the investigation. 423 00:21:40,680 --> 00:21:42,960 The investigation's stalled, 424 00:21:43,000 --> 00:21:45,000 the McAlindens still haven't got 425 00:21:45,040 --> 00:21:46,440 their £108,000, and the police 426 00:21:46,480 --> 00:21:49,240 don't seem to be able to do anything about it. 427 00:21:49,280 --> 00:21:52,080 It's just gone, just like that. 428 00:21:52,120 --> 00:21:56,320 Yeah, it's a terrible, terrible, terrible feeling. 429 00:21:56,360 --> 00:21:58,240 I wouldn't wish it upon anyone. 430 00:22:09,160 --> 00:22:12,280 It's been months since the McAlinden family have been duped 431 00:22:12,320 --> 00:22:15,680 into handing over £108,000 432 00:22:15,720 --> 00:22:18,120 to family friend Jeff Arundell... 433 00:22:19,200 --> 00:22:21,960 ..but a lack of evidence has stalled the case 434 00:22:22,000 --> 00:22:24,720 and left the family struggling financially. 435 00:22:27,640 --> 00:22:30,840 I really needed that money. It was everything that I had. 436 00:22:30,880 --> 00:22:33,280 I needed that to get by and to keep running the business 437 00:22:33,320 --> 00:22:34,640 the way that we had been. 438 00:22:34,680 --> 00:22:36,720 Without it, it just put so much 439 00:22:36,760 --> 00:22:39,800 pressure on everything. Er, 440 00:22:39,840 --> 00:22:41,600 my circumstances, my living, 441 00:22:41,640 --> 00:22:43,440 my relationships. 442 00:22:43,480 --> 00:22:46,120 I had a tax bill coming up that had to be paid. 443 00:22:46,160 --> 00:22:49,600 I ended up having to put the tax onto a credit card, 444 00:22:49,640 --> 00:22:52,440 which just...it crippled me, again. 445 00:22:55,680 --> 00:22:56,960 Everybody's feeling the pinch. 446 00:22:57,000 --> 00:22:58,760 Everybody's feeling the pinch by then. 447 00:22:58,800 --> 00:23:01,200 I felt sick about it all. 448 00:23:03,000 --> 00:23:05,240 He introduced us to Jeff 449 00:23:05,280 --> 00:23:08,360 and just felt terrible that we'd lost so much money. 450 00:23:08,400 --> 00:23:11,920 I felt so bad, I decided to take a loan out 451 00:23:11,960 --> 00:23:13,680 in my own name to pay my children back. 452 00:23:15,360 --> 00:23:17,200 I've just got myself in deeper on something 453 00:23:17,240 --> 00:23:19,400 which shouldn't have happened in the first place, 454 00:23:19,440 --> 00:23:21,880 and I'm devastated myself. 455 00:23:23,200 --> 00:23:26,520 He didn't have stacks of money himself, 456 00:23:26,560 --> 00:23:28,920 but that just goes to show what type of person my dad is. 457 00:23:30,760 --> 00:23:32,920 One year on since their investment, 458 00:23:32,960 --> 00:23:34,360 the McAlindens' money 459 00:23:34,400 --> 00:23:36,080 appears to be lost forever, 460 00:23:36,120 --> 00:23:39,800 until new information about Jeff comes to light. 461 00:23:41,400 --> 00:23:43,240 Jeff's no longer in contact with me at all. 462 00:23:43,280 --> 00:23:44,520 He just thinks I'm going to go away. 463 00:23:44,560 --> 00:23:47,080 In Bath, people gossip, and as 464 00:23:47,120 --> 00:23:50,480 I'd spoken to some people about him, they said that 465 00:23:50,520 --> 00:23:51,600 he's got a lot of money now. 466 00:23:51,640 --> 00:23:54,520 His Bentley suddenly arrived back again, 467 00:23:54,560 --> 00:23:56,400 so he's driving around in that. 468 00:23:56,440 --> 00:23:57,720 They couldn't wait to tell me, 469 00:23:57,760 --> 00:23:59,680 cos everybody in Bath knew what he'd done. 470 00:24:01,160 --> 00:24:04,040 As it becomes clear that Jeff hasn't lost all his money, 471 00:24:04,080 --> 00:24:07,840 James discovers something even more shocking. 472 00:24:08,960 --> 00:24:13,480 He bought this house for £2 million and renamed it Kite Lodge, 473 00:24:13,520 --> 00:24:16,800 as a homage to the pharmaceutical company Kite Pharma, 474 00:24:16,840 --> 00:24:18,960 which made me feel totally sick. 475 00:24:19,000 --> 00:24:21,800 And he's having big parties at his house, and gave his wife 476 00:24:21,840 --> 00:24:24,680 an expensive bracelet and stuff. It all got back to me. 477 00:24:26,560 --> 00:24:29,200 We're all in shock that this has happened, 478 00:24:29,240 --> 00:24:32,480 and how has he not paid us back when he can afford a mansion? 479 00:24:33,760 --> 00:24:35,440 Jeff's still driving around in a Bentley, 480 00:24:35,480 --> 00:24:38,280 living the same life he lived before, 481 00:24:38,320 --> 00:24:42,040 and I'm back in the rain, in the mud, digging fence post holes out. 482 00:24:42,080 --> 00:24:44,320 We had to go back to square one, 483 00:24:44,360 --> 00:24:46,200 build all this money back up, 484 00:24:46,240 --> 00:24:48,240 all because of him. 485 00:24:50,440 --> 00:24:53,880 Trying to come up with ways to go travelling, 486 00:24:53,920 --> 00:24:57,280 the one thing I looked at that had any value in my life was my car, 487 00:24:57,320 --> 00:24:59,920 so I sold it to go travelling. 488 00:24:59,960 --> 00:25:02,920 And I knew, when I came back, I had no car. 489 00:25:02,960 --> 00:25:05,720 It just seemed not right that he could be in this situation, 490 00:25:05,760 --> 00:25:07,920 and we were left in THIS situation. 491 00:25:07,960 --> 00:25:10,040 I just hated him, because he was 492 00:25:10,080 --> 00:25:12,320 just a liar, wasn't he, in the end? 493 00:25:12,360 --> 00:25:13,800 It kept on getting more and more 494 00:25:13,840 --> 00:25:15,960 suspicious, like this was just a con all along. 495 00:25:17,960 --> 00:25:21,200 It's almost like Jeffrey's rubbing his wealth in their face. 496 00:25:21,240 --> 00:25:24,480 There's no concern or empathy 497 00:25:24,520 --> 00:25:26,920 with what they've experienced, and the loss 498 00:25:26,960 --> 00:25:30,480 that they've had, as a result of his tactics. 499 00:25:32,960 --> 00:25:35,080 Suspicious that Jeff's sudden wealth 500 00:25:35,120 --> 00:25:38,000 may be connected to the McAlindens' investment, 501 00:25:38,040 --> 00:25:40,400 detectives bring him in for questioning. 502 00:25:53,080 --> 00:25:54,960 Detectives come to learn 503 00:25:55,000 --> 00:25:58,280 that Jeff had won £4.5 million 504 00:25:58,320 --> 00:26:00,320 from spread betting. 505 00:26:00,360 --> 00:26:04,720 The police were aware that he had won a substantial amount of money 506 00:26:04,760 --> 00:26:06,280 in August 2017, 507 00:26:06,320 --> 00:26:08,200 but as far as we were concerned, 508 00:26:08,240 --> 00:26:10,800 it was completely separate to the McAlindens. 509 00:26:10,840 --> 00:26:13,280 This was an entirely separate pot. 510 00:26:47,040 --> 00:26:48,960 Jeffrey feels that he's the victim, 511 00:26:49,000 --> 00:26:50,600 he feels he's been wronged. 512 00:26:50,640 --> 00:26:52,800 He is unable to see how 513 00:26:52,840 --> 00:26:55,080 he's breached the friendship 514 00:26:55,120 --> 00:26:56,640 and the trust of the McAlindens 515 00:26:56,680 --> 00:26:57,840 through the actions that 516 00:26:57,880 --> 00:27:00,400 he's undertaken, and that just shows 517 00:27:00,440 --> 00:27:02,480 how deluded he is at this point. 518 00:27:04,360 --> 00:27:07,280 Despite the fact that he has won £4.5 million, 519 00:27:07,320 --> 00:27:10,240 he's unwilling to give them a small proportion of that, 520 00:27:10,280 --> 00:27:12,240 which he promised them at the outset. 521 00:27:12,280 --> 00:27:14,680 At this point, there's nothing legally binding at all 522 00:27:14,720 --> 00:27:16,560 to say that he has to refund them the money. 523 00:27:18,000 --> 00:27:19,760 What I don't understand is, erm, 524 00:27:19,800 --> 00:27:21,360 why would he earn all that money 525 00:27:21,400 --> 00:27:23,480 and still not pay me back my initial sum? 526 00:27:24,960 --> 00:27:28,880 That just goes to show how cocky he is and just how brazen he is. 527 00:27:28,920 --> 00:27:31,240 He could have made his life so much easier 528 00:27:31,280 --> 00:27:34,080 by just giving us back what we'd put in. 529 00:27:34,120 --> 00:27:36,000 Why doesn't he give back at least 530 00:27:36,040 --> 00:27:37,720 the stake to the McAlindens? 531 00:27:37,760 --> 00:27:40,720 I think it says a lot about his character that he refuses to. 532 00:27:40,760 --> 00:27:43,560 With no solid evidence of fraud, 533 00:27:43,600 --> 00:27:46,400 the police cannot put any charges to Jeff. 534 00:27:51,760 --> 00:27:54,120 Two-and-a-half years into the case, 535 00:27:54,160 --> 00:27:57,160 DC Shallcross cannot shake her suspicions 536 00:27:57,200 --> 00:28:00,080 that Jeff Arundell has defrauded the McAlindens. 537 00:28:01,280 --> 00:28:05,560 I felt that there was something there, particularly looking at 538 00:28:05,600 --> 00:28:09,600 the money that he had won in 2017, and not knowing 539 00:28:09,640 --> 00:28:11,920 where that had come from, because he was a guy 540 00:28:11,960 --> 00:28:14,640 who was telling us that he had no money whatsoever 541 00:28:14,680 --> 00:28:17,680 and, yet, had managed to win £4.5 million. 542 00:28:17,720 --> 00:28:20,760 So you've got to question where he got the money 543 00:28:20,800 --> 00:28:24,880 to place those bets, so I was suspicious. 544 00:28:24,920 --> 00:28:26,640 I wanted to follow the money 545 00:28:26,680 --> 00:28:28,680 and see what had happened with the bets, 546 00:28:28,720 --> 00:28:32,320 so I obtained the spreadsheets from the IG index 547 00:28:32,360 --> 00:28:37,760 and spent a considerable amount of time following each of the bets 548 00:28:37,800 --> 00:28:40,800 and all the trades that Jeff Arundell had placed. 549 00:28:40,840 --> 00:28:45,080 Adele focuses her attention on the McAlindens' pot of money 550 00:28:45,120 --> 00:28:48,640 that was transferred to Jeff in December 2016 551 00:28:48,680 --> 00:28:50,560 by using specific codes 552 00:28:50,600 --> 00:28:53,000 from the IG spreadsheets. 553 00:28:53,040 --> 00:28:57,680 When you look at the trade that he places with the McAlindens' money - 554 00:28:57,720 --> 00:29:01,160 and that will be a series of letters and numbers, 555 00:29:01,200 --> 00:29:03,320 it will have a code, effectively - 556 00:29:03,360 --> 00:29:05,760 I can then see that he placed 557 00:29:05,800 --> 00:29:10,920 all £108,000 of the McAlindens' money on nine different trades, 558 00:29:10,960 --> 00:29:13,760 all of different values, different stake monies. 559 00:29:13,800 --> 00:29:17,280 Most of them lost, but there were two particular trades 560 00:29:17,320 --> 00:29:22,200 and those went on themselves to make a profit of £108,000. 561 00:29:25,160 --> 00:29:27,720 This is a significant discovery, 562 00:29:27,760 --> 00:29:30,200 as it would mean Jeff DID profit 563 00:29:30,240 --> 00:29:32,520 from the McAlindens' money. 564 00:29:32,560 --> 00:29:35,560 So now we've got to investigate further and see what else 565 00:29:35,600 --> 00:29:38,840 he's lied to us about, and follow that money even further. 566 00:29:40,680 --> 00:29:42,640 I'm looking at the spreadsheets 567 00:29:42,680 --> 00:29:44,840 and I'm now starting to realise 568 00:29:44,880 --> 00:29:47,800 that their money formed part of the bigger picture. 569 00:29:49,840 --> 00:29:52,880 Police finds out that Jeffrey, using that profit, 570 00:29:52,920 --> 00:29:54,320 made further trades, 571 00:29:54,360 --> 00:29:55,680 and that ended up being part of 572 00:29:55,720 --> 00:29:57,240 that substantial windfall of 573 00:29:57,280 --> 00:30:01,000 £4.5 million back in August 2017. 574 00:30:02,280 --> 00:30:03,640 Following this money trail, 575 00:30:03,680 --> 00:30:06,440 it's clear that the millions that Jeff has made 576 00:30:06,480 --> 00:30:08,440 have stemmed from the initial pot 577 00:30:08,480 --> 00:30:10,280 that the McAlindens gave to him. 578 00:30:12,320 --> 00:30:15,520 I was really happy. You know, this was the piece of evidence 579 00:30:15,560 --> 00:30:17,040 that we had missed. 580 00:30:17,080 --> 00:30:20,880 Up until that time, we'd had probably two, two-and-a-half years 581 00:30:20,920 --> 00:30:25,520 of thinking that he had completely lost the McAlindens' money. 582 00:30:25,560 --> 00:30:29,960 A, Jeff told us that, and B, the evidence, until that point, 583 00:30:30,000 --> 00:30:31,920 had pointed us in that direction. 584 00:30:31,960 --> 00:30:35,400 So now I've got the proof that some of the McAlindens' money 585 00:30:35,440 --> 00:30:37,880 has gone into the bet that has made money, 586 00:30:37,920 --> 00:30:39,320 and that Jeff Arundell 587 00:30:39,360 --> 00:30:40,960 has lied to us and he's misled us. 588 00:30:42,040 --> 00:30:43,840 Literally, just like, it just rips 589 00:30:43,880 --> 00:30:45,680 out your heart. He's a vile human. 590 00:30:46,800 --> 00:30:48,240 So I'm really keen to speak to him, 591 00:30:48,280 --> 00:30:49,720 see what he's got to say about it, 592 00:30:49,760 --> 00:30:52,080 and to see whether it is sufficient now 593 00:30:52,120 --> 00:30:54,280 to get Jeff Arundell charged with fraud. 594 00:31:03,440 --> 00:31:04,960 Police have discovered that 595 00:31:05,000 --> 00:31:08,480 Jeff Arundell didn't lose all of the McAlindens' money 596 00:31:08,520 --> 00:31:11,320 but, instead, used part of it 597 00:31:11,360 --> 00:31:13,520 to make millions of pounds. 598 00:31:13,560 --> 00:31:16,240 Now, they want answers. 599 00:31:16,280 --> 00:31:18,360 I called him in for an interview, 600 00:31:18,400 --> 00:31:21,520 and my colleague and I interviewed him at length. 601 00:31:21,560 --> 00:31:25,840 He was still brazen and cocky 602 00:31:25,880 --> 00:31:28,920 about their money and about what he'd done with it. 603 00:32:00,720 --> 00:32:03,040 At this point, the police are able 604 00:32:03,080 --> 00:32:05,240 to prove that Jeffrey was lying. 605 00:32:05,280 --> 00:32:09,040 And he's been backed into a corner, and he becomes very defensive 606 00:32:09,080 --> 00:32:12,160 and argumentative, and he knows that 607 00:32:12,200 --> 00:32:13,800 the police are closing in on him. 608 00:32:13,840 --> 00:32:16,360 With the police onto him, 609 00:32:16,400 --> 00:32:19,400 Jeff changes his original statement. 610 00:32:19,440 --> 00:32:22,920 At this point, he admits that he had 611 00:32:22,960 --> 00:32:24,800 won with the McAlindens' money, 612 00:32:24,840 --> 00:32:28,240 but said that that once they gave the money to him, 613 00:32:28,280 --> 00:32:30,560 that became HIS money, it was HIS trades, 614 00:32:30,600 --> 00:32:34,720 and the deal that he had had with them had finished in December 2016. 615 00:32:57,680 --> 00:32:59,200 Jeffrey presents with 616 00:32:59,240 --> 00:33:00,800 narcissistic traits. 617 00:33:00,840 --> 00:33:03,800 He believes he's superior to other people, 618 00:33:03,840 --> 00:33:05,760 and has a sense of entitlement, 619 00:33:05,800 --> 00:33:07,720 and doesn't take responsibility 620 00:33:07,760 --> 00:33:09,520 for his own actions. He believes 621 00:33:09,560 --> 00:33:11,040 that people have slighted him, 622 00:33:11,080 --> 00:33:15,560 and he is vindictive in the way that he's dealt with the McAlindens. 623 00:33:16,760 --> 00:33:19,440 Police once again raise the critical detail 624 00:33:19,480 --> 00:33:21,960 that the McAlindens gave Jeff money 625 00:33:22,000 --> 00:33:26,080 on the understanding that he would pay it back, no matter the outcome. 626 00:33:26,120 --> 00:33:31,040 If Jeff had no money in his account at the time of making the promise, 627 00:33:31,080 --> 00:33:33,240 this would be considered deception. 628 00:33:34,640 --> 00:33:37,120 If police can prove that this is a lie and that Jeffrey 629 00:33:37,160 --> 00:33:39,080 didn't have the money to pay him back, 630 00:33:39,120 --> 00:33:41,680 technically, he has made a false representation, 631 00:33:41,720 --> 00:33:43,480 and that could be a criminal offence. 632 00:33:45,000 --> 00:33:47,480 When police check Jeff's bank accounts from the time of 633 00:33:47,520 --> 00:33:52,160 the deal in 2016, they find that he lacked the necessary funds 634 00:33:52,200 --> 00:33:54,960 to fulfil his promise to the McAlindens. 635 00:34:06,280 --> 00:34:07,920 But then Jeff claims that 636 00:34:07,960 --> 00:34:10,040 he DID have the money, in cash, 637 00:34:10,080 --> 00:34:13,000 which was an inheritance from his mother's estate. 638 00:34:13,040 --> 00:34:15,920 If true, there would be no case for fraud. 639 00:34:15,960 --> 00:34:20,360 DC Shallcross is keen to find out. 640 00:34:20,400 --> 00:34:24,360 I obtained bank accounts back from early 2016, 641 00:34:24,400 --> 00:34:26,600 and I also obtained the probate documents, 642 00:34:26,640 --> 00:34:28,760 and I obtained the will as well. 643 00:34:28,800 --> 00:34:32,440 What she had in assets back then was about £300,000, 644 00:34:32,480 --> 00:34:34,240 which came from the sale of her house. 645 00:34:36,320 --> 00:34:40,000 But DC Shallcross can't find any evidence of money being given 646 00:34:40,040 --> 00:34:44,560 to Jeff through accounts, or in cash, after his mother's death. 647 00:34:45,760 --> 00:34:47,480 I found out who the other beneficiaries were 648 00:34:47,520 --> 00:34:51,240 and whether or not any money had gone to them. 649 00:34:51,280 --> 00:34:52,840 I was able to contact 650 00:34:52,880 --> 00:34:57,280 one of the beneficiaries and find out what had happened to that money, 651 00:34:57,320 --> 00:35:00,800 because I certainly couldn't see any money having gone to Jeff. 652 00:35:26,480 --> 00:35:28,440 A little more digging soon reveals 653 00:35:28,480 --> 00:35:33,000 the McAlindens aren't the first people Jeff has taken advantage of. 654 00:35:33,040 --> 00:35:35,200 He had obtained a power of attorney over 655 00:35:35,240 --> 00:35:38,680 his late mother's affairs back in 2013. 656 00:35:44,960 --> 00:35:47,320 This means Jeff was able to make 657 00:35:47,360 --> 00:35:49,960 financial decisions on his mother's behalf 658 00:35:50,000 --> 00:35:53,880 years before she passed, and had access to all her accounts. 659 00:36:08,520 --> 00:36:10,520 But Jeff was lying. 660 00:36:10,560 --> 00:36:13,840 I was able to determine that there was no money left 661 00:36:13,880 --> 00:36:16,480 in the estate at the point of death, 662 00:36:16,520 --> 00:36:19,880 because that had already been taken by Jeffrey Arundell 663 00:36:19,920 --> 00:36:21,720 whilst he had access to it 664 00:36:21,760 --> 00:36:23,160 as a power of attorney. 665 00:36:24,360 --> 00:36:29,400 As soon as he got a hold of her accounts back in 2013, 666 00:36:29,440 --> 00:36:31,120 he withdrew the money for himself... 667 00:36:32,480 --> 00:36:35,160 ..spending a large amount of money on a Bentley, 668 00:36:35,200 --> 00:36:38,640 and spending others on the IG index and spread betting with it. 669 00:36:38,680 --> 00:36:40,040 It's mind-boggling. 670 00:36:40,080 --> 00:36:43,520 That's the disgusting type of person he is, to steal off his own 671 00:36:43,560 --> 00:36:47,160 dying mother and own family. Like, who does that? 672 00:36:47,200 --> 00:36:49,960 He had a complete disregard for his mum. 673 00:36:50,000 --> 00:36:53,160 That money was there for her to live on for the rest of her life. 674 00:36:53,200 --> 00:36:56,120 He had no clue, at that stage, how long she would live for. 675 00:36:56,160 --> 00:36:58,640 She was living in a care home and that was for her. 676 00:36:58,680 --> 00:37:01,160 He is meant to safeguard that money 677 00:37:01,200 --> 00:37:03,280 and not use it for his own benefit 678 00:37:03,320 --> 00:37:05,480 and buy a car or spread bet with it, 679 00:37:05,520 --> 00:37:06,760 and that IS an offence. 680 00:37:08,240 --> 00:37:11,520 Knowing he's been caught, Jeff makes a last-ditch effort 681 00:37:11,560 --> 00:37:14,960 to get back into the police's good books by rectifying 682 00:37:15,000 --> 00:37:17,280 the damage to the McAlindens. 683 00:37:17,320 --> 00:37:20,920 He tells us again that it was a genuine investment, 684 00:37:20,960 --> 00:37:24,240 that he had genuinely invested their money. 685 00:37:24,280 --> 00:37:27,280 Erm, and at this stage, 686 00:37:27,320 --> 00:37:30,960 he did want to offer them their stake money back, 687 00:37:31,000 --> 00:37:32,640 along with a tiny bit of the profits 688 00:37:32,680 --> 00:37:34,560 from that first deal. 689 00:37:34,600 --> 00:37:37,000 That's done because he's got 690 00:37:37,040 --> 00:37:39,280 nowhere to turn at this point. 691 00:37:39,320 --> 00:37:41,680 So it's not out of goodwill, 692 00:37:41,720 --> 00:37:44,560 it's out of his own self-interest. 693 00:37:44,600 --> 00:37:48,520 Jeffrey tried to stick with the lies for as long as he could. 694 00:37:49,960 --> 00:37:52,480 However, it's not enough to save him. 695 00:37:52,520 --> 00:37:55,800 Jeff is charged with multiple fraud offences. 696 00:38:00,640 --> 00:38:03,720 We gathered so much momentum and got so much evidence. 697 00:38:03,760 --> 00:38:06,680 Jeff continues to plead his innocence, 698 00:38:06,720 --> 00:38:08,760 and so, the case goes to trial. 699 00:38:11,160 --> 00:38:13,160 I honestly didn't think that the day 700 00:38:13,200 --> 00:38:14,880 would come that we'd be in court 701 00:38:14,920 --> 00:38:16,640 and see Jeff in the stand. 702 00:38:18,680 --> 00:38:22,640 Dad, sister and I went to the Crown Court in Bristol, 703 00:38:22,680 --> 00:38:25,320 and when Dad was waiting to go in, 704 00:38:25,360 --> 00:38:27,840 and Jeff walked past him and just said, 705 00:38:27,880 --> 00:38:30,360 "Good afternoon, Jim," as if he was going to get away with it. 706 00:38:30,400 --> 00:38:33,200 Like nothing has happened, 707 00:38:33,240 --> 00:38:37,160 and the detective I sat next to said, "What is he on?" 708 00:38:37,200 --> 00:38:38,760 She seriously couldn't believe 709 00:38:38,800 --> 00:38:40,520 he was so cocky, even then. 710 00:38:41,880 --> 00:38:43,520 The evidence suggests that it WAS 711 00:38:43,560 --> 00:38:46,240 the McAlindens' money, and they'd given him the money 712 00:38:46,280 --> 00:38:47,560 to invest in a certain way. 713 00:38:47,600 --> 00:38:50,120 The recording that I made 714 00:38:50,160 --> 00:38:52,200 on a split decision actually 715 00:38:52,240 --> 00:38:54,920 went some way in incriminating Jeff, 716 00:38:54,960 --> 00:38:58,760 because he admits some things he did wrong on that recording, 717 00:38:58,800 --> 00:39:00,720 which would have been very hard to prove without it. 718 00:39:05,320 --> 00:39:07,720 Well, the jury had heard Christian's recordings, 719 00:39:07,760 --> 00:39:10,160 and all the other things about the family money, 720 00:39:10,200 --> 00:39:14,200 so he had a pretty black picture painted of himself, really. 721 00:39:15,720 --> 00:39:18,320 As the prosecution nears its conclusion, 722 00:39:18,360 --> 00:39:22,320 the McAlindens deliver their final statements to the court. 723 00:39:22,360 --> 00:39:23,960 It was just like reliving 724 00:39:24,000 --> 00:39:26,760 that whole, like, losing your money 725 00:39:26,800 --> 00:39:28,920 and then having to stand up in front of everyone. 726 00:39:28,960 --> 00:39:30,440 It was like... Yeah, not... 727 00:39:30,480 --> 00:39:33,920 Yeah, I don't ever want to have to do that again. 728 00:39:35,640 --> 00:39:37,200 Yeah, it was horrible. 729 00:39:39,600 --> 00:39:40,960 Kerry was crying at the courts. 730 00:39:41,000 --> 00:39:45,040 It was a big, traumatic thing for her, and it was terrible. 731 00:39:45,080 --> 00:39:46,520 I did feel for her. 732 00:39:50,040 --> 00:39:52,120 The case closed and there was summing up, 733 00:39:52,160 --> 00:39:54,160 and the jury went out, retired 734 00:39:54,200 --> 00:39:55,320 to consider their verdict. 735 00:39:57,280 --> 00:40:00,400 And the jury came back with a unanimous verdict. 736 00:40:00,440 --> 00:40:04,000 They convicted him of fraud by false representation. 737 00:40:04,040 --> 00:40:07,120 Jeff is also convicted for fraud 738 00:40:07,160 --> 00:40:11,280 by abuse of position, in relation to his mother's finances. 739 00:40:11,320 --> 00:40:13,920 Had he not offered that information as a defence, 740 00:40:13,960 --> 00:40:17,320 in saying that he had the money from his late mother's estate, 741 00:40:17,360 --> 00:40:19,640 we would never have looked into it. 742 00:40:20,720 --> 00:40:24,080 On the 31st of October 2023, 743 00:40:24,120 --> 00:40:26,280 Jeffrey Arundell is sentenced 744 00:40:26,320 --> 00:40:29,040 for a total of six-and-a-half years in prison. 745 00:40:32,200 --> 00:40:35,200 I was shocked by how long he got. 746 00:40:35,240 --> 00:40:37,880 It obviously proves that, you know, he's a con man, 747 00:40:37,920 --> 00:40:40,200 and it's for everyone to see. 748 00:40:40,240 --> 00:40:42,800 He manipulated everything to his favour. 749 00:40:42,840 --> 00:40:44,680 He's just a selfish man 750 00:40:44,720 --> 00:40:46,600 that only had one objective in mind, 751 00:40:46,640 --> 00:40:48,520 and that was to make him wealthy. 752 00:40:48,560 --> 00:40:51,840 I'd love to have seen his face when they told him, like, 753 00:40:51,880 --> 00:40:54,640 that he's going to prison, because I truly believe 754 00:40:54,680 --> 00:40:57,600 up until the last minute, he thought he'd got away with it. 755 00:40:57,640 --> 00:41:00,280 I think he deserves everything he got. 756 00:41:00,320 --> 00:41:02,680 I can't believe what a deceitful, 757 00:41:02,720 --> 00:41:04,280 greedy man he was, really, 758 00:41:04,320 --> 00:41:06,000 and I completely misread him. 759 00:41:07,720 --> 00:41:10,200 With Jeff Arundell behind bars, 760 00:41:10,240 --> 00:41:13,520 the McAlinden family try to move forward with their lives, 761 00:41:13,560 --> 00:41:15,440 even with their losses. 762 00:41:16,520 --> 00:41:20,160 As much as he's been convicted, I still have the high-interest loan 763 00:41:20,200 --> 00:41:22,800 on the money I paid my children back. 764 00:41:22,840 --> 00:41:27,960 Because the police have impounded all his bank accounts and his house 765 00:41:28,000 --> 00:41:30,760 and they need to carry on with their investigations of how, 766 00:41:30,800 --> 00:41:32,760 where and when the money went, I still haven't received 767 00:41:32,800 --> 00:41:34,320 my money, after seven years. 768 00:41:34,360 --> 00:41:36,480 I do hope it all gets resolved as soon as possible. 769 00:41:37,840 --> 00:41:39,720 When you think that someone's going to give you... 770 00:41:41,160 --> 00:41:43,880 Well, just enable you to sort of, 771 00:41:43,920 --> 00:41:46,920 like, live your dream life, I mean, he just played on 772 00:41:46,960 --> 00:41:48,520 all of our emotions, I think. 773 00:41:50,240 --> 00:41:53,400 The whole thing was upsetting, and it has been a big strain 774 00:41:53,440 --> 00:41:55,080 and stress on the family. 775 00:41:55,120 --> 00:41:56,960 But through it all, we have stuck together. 776 00:41:58,320 --> 00:42:00,200 After coming back from travelling, 777 00:42:00,240 --> 00:42:03,200 I didn't have my car any more, I didn't have anywhere to live, 778 00:42:03,240 --> 00:42:06,120 and I didn't have my job. Luckily, my brother 779 00:42:06,160 --> 00:42:07,840 took me on. I could start working again. 780 00:42:07,880 --> 00:42:12,800 I focused all my attention onto building my base back up, 781 00:42:12,840 --> 00:42:15,320 saving enough to diversify into property. 782 00:42:15,360 --> 00:42:17,720 So I gave the fencing company over to my brother, 783 00:42:17,760 --> 00:42:19,640 which he now still runs. 784 00:42:19,680 --> 00:42:22,120 It's so lucky that we're just such a strong family, because 785 00:42:22,160 --> 00:42:23,480 I think it would have torn 786 00:42:23,520 --> 00:42:25,480 a lot of weaker families apart. 787 00:42:26,680 --> 00:42:29,600 I totally regret the whole event. 788 00:42:29,640 --> 00:42:31,880 But my character is, I'm a fighter 789 00:42:31,920 --> 00:42:33,400 and I don't give up easy. 790 00:42:40,440 --> 00:42:45,440 Subtitles by Red Bee Media 64955

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