News

Fraudster who stole £15m from community fails to attend confiscation hearing over kosher food claim

Freddy David's lawyer argued a tougher jail would prevent him from preparing his own food

February 26, 2020 16:09
Freddy David
1 min read

A financial adviser who stole £15 million from investors failed to attend court on Wednesday as his lawyer claimed he feared he would not be able to prepare kosher food for himself if he moved to a tougher jail.

Freddy David, 51, used his good reputation within the Jewish community as managing director of HBFS Wealth Management to sell non-existent investment products to his clients.

David transferred his mother around £176,000 while under investigation and spent around £36,000 on gambling just a few days before he was finally arrested, Southwark Crown Court heard.

He used part of an £80,000 investment from one victim to set up a restaurant called "Let’s Meat", visit Greece and Israel and feed his gambling addiction.

To get more news, click here to sign up for our free daily newsletter.

Support the world’s oldest Jewish newspaper