Page last updated at 16:17 GMT, Thursday, 20 May 2010 17:17 UK

Northampton executor who spent cash on QE2 trip jailed

QE2
Lloyd spent 14,000 on a QE2 cruise

A will-writer who stole more than £100,000 from a man's estate and spent it on a QE2 cruise and gambling has been jailed for two-and-a-half years.

Martin Lloyd was supposed to hand the money left by Raymond Lake to two charities.

Lloyd, 57, from Northampton, who was also Mr Lake's executor, was jailed at the town's crown court after admitting theft while in a position of trust.

The judge made a confiscation order for £65,240.61 to be paid to the charities.

The rest he could not account for specifically but admitted he had spent it
Prosecutor Alex Bull

After Mr Lake died in 2005 Lloyd, of Symington Street, applied for probate, the court heard.

Prosecutor Alex Bull said 25% of the money was to be divided between Mr Lake's two nieces, while 5% was to go to his church in Yelvertoft, Northampton, 10% to the Injured Jockeys Fund and 60% to Cancer Research UK.

But the court heard the Injured Jockeys Fund and Cancer Research never received their money.

Miss Bull told the jury: "He said he spent £14,000 on a cruise on the QE2 with his wife, £26,000 on gambling and the rest he could not account for specifically but admitted he had spent it."

In mitigation, Hannah Mettam said Lloyd had got himself into financial difficulties and was planning to pay the money back when his father and aunt died.

Judge Michael Fowler said he did not accept Lloyd's claims that he did not know where the rest of the money had gone.

He also dismissed defence suggestions that the gambling had been an attempt to get back the money to repay the estate.



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