Exeter man jailed for six years for £500,000 fraud
Jamie Drew convinced friends to lend him money, promising quick repayment
An Exeter man has been sentenced to six and a half years in prison for defrauding his friends and associates out of more than £656,000.
Jamie Drew, aged 46, targeted four individuals, persuading them to lend him significant sums with the promise of immediate repayment.
He appeared at Exeter Crown Court, where he pleaded guilty to four counts of fraud.
Drew's deception involved tales of banking issues, false accusations of money laundering, and assurances that discussing the situation with others would jeopardise their funds.
The victims were led to believe their money was temporarily inaccessible but could be returned.
However, records showed Drew spent the money swiftly, predominantly on gambling.
Victims were left isolated and hesitant to seek help.
Drew continued to deceive them with claims of working with a solicitor to recover their funds, delaying their reports to the police.
During Drew's bail for offences against two victims, two additional victims came forward, revealing the extent of his fraud to be £656,260.
Detective Sergeant Ailsa Mason said: “Jamie Drew presented himself as the good guy and claimed he was working tirelessly to help the victims get their money back - money he was aware he had already spent.
“These offences took place over prolonged periods and cost victims their savings, pensions, and money inherited from loved ones.
“Alongside financial loss, the victims have suffered many months of stress and fear through Drew’s calculated manipulation of them which has resulted in significant emotional and psychological harm.
“We recognise fraud can have a devastating effect on victims and welcome the sentence handed to Drew.
“We hope the victims can now feel some form of closure.”