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Fraudster jailed for £11.5m scam targeting elderly in Suffolk
Photo: BBC
2026-07-18 10:44   Justice   10

Fraudster jailed for £11.5m scam targeting elderly in Suffolk

Steven Long, 59, from Kesgrave, was sentenced to eight years and four months in prison for orchestrating a £11.5m fraud scheme targeting elderly victims in Suffolk and surrounding areas.

The scam, operated through Universal Wealth Preservation (UWP), involved deceiving seniors into transferring their property to the firm under false promises of asset protection.Victims like Donald Matthews and Paul Matthews lost hundreds of thousands of pounds when their homes were sold without proceeds reaching them.Long used leaflets, luxury seminars, and personal visits to build trust, later diverting funds to fund his lavish lifestyle.His associate Raymond Simpson was also jailed for five and a half years.The case highlights how fraudsters exploit fears of care home costs and inheritance, with victims left feeling guilty and financially devastated.Legal action revealed 115 victims across England, with some still missing substantial sums.Judge Gregory Perrins condemned Long's abuse of trust, emphasizing the emotional toll on vulnerable individuals.

Full reading at BBC

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