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Last Updated: Tuesday, 19 October, 2004, 16:24 GMT 17:24 UK
Borrower did not reveal his debts
A Derbyshire jeweller who continued to borrow and cheat his way further into debt despite three bankruptcies has been jailed for 21 months.

Richard Croston, 47, of Hasland, Chesterfield, pleaded guilty to six Insolvency Act charges brought by the Department for Trade and Industry.

Croston twice failed to reveal he was an undischarged bankrupt when seeking credit, and he did not repay debts.

He was given six concurrent sentences, ranging from 12 to 21 months.

Bouncing cheques

He failed to reveal his bankrupt status when arranging to borrow 4,500 from a trade creditor for a watch, and a further 17,000 from the Royal Bank of Scotland, Derby Crown Court heard.

Another creditor was owed 19,000 by Mr Croston.

When the elderly landlady of his rented home in Matlock died, Mr Croston and his wife were given 145,000 by the executors to leave the property and to recognise the work they carried out as tenants.

Mr Croston received his 67,500 share on the day his third bankruptcy petition was served.

But he failed to make any payments to creditors and failed to disclose receipt of the money to the Official Receiver. He used the money to buy cars.

'Pain and misery'

Judge Phillip Gregory said: "Mr Croston cheated many people out of substantial amounts of money. He had good support from his loving family and he abused this fortune.

"He has caused nothing but pain and misery to his wife and son. Mr Croston was a thoroughly dishonest man and has been for many years.

"There was a degree of determination in his actions and with regards to the money that he came into he has squirrelled it away. Only a custodial sentence will do."




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