Charity fraudster Peter Sainsbury jailed for five years – The Times

Posted May 28th, 2010 in news by sally

“With the Archbishop of Canterbury listed as a patron alongside MPs and aristocrats there was a willing stream of celebrities ready to support a charity helping prisoners after their release. Jeffrey Archer donated royalties from his prison diary to the People’s Opportunity to Work (POW) Trust, which has helped hundreds of former inmates rebuild their lives. The charity was founded by Peter Sainsbury, a financier who used his inheritance to fund its work after his release from jail for a £3 million fraud. However, Sainsbury was back in prison last night starting another five-year sentence after convicted of another series of banking frauds to raise £2.5 million to support the charity when his money ran out.”

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The Times, 28th May 2010