Would you like to inspect the original subtitles? 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
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.