IN A REMARKABLE hearing at Swansea Crown Court on Friday (Jan 5), Darryl Evans, 62, of Green Court Crescent, Tenby, faced the consequences of his deceitful actions. Described by Judge Paul Thomas KC as the most “fundamentally dishonest” individual he’s encountered in his extensive 40-year career, Evans was sentenced to a total of eight years in prison.

The case, which lasted nearly three weeks, culminated this week in Evans being found guilty of 26 counts of fraud and one count of theft. The jury, after approximately two hours and 45 minutes of deliberation, returned guilty verdicts on all 27 charges.

Evans’ fraudulent activities spanned from 2013 to 2020, during which he deceitfully obtained over half a million pounds. Masquerading as a financial advisor, Evans lured friends and acquaintances into a so-called “Ponzi scheme,” convincing them to invest large sums in fictitious schemes for their supposed benefit. However, in reality, he was unemployed and misused these funds for his personal expenses.

The deception unraveled in 2018 when the victims noticed the absence of returns on their ‘investments,’ leading to police investigations. It was then revealed that Evans had repaid some of the money to continue his charade, yet the actual losses amounted to over £377,000.

One of the most shocking aspects of his crimes included appointing himself as the executor of a will and diverting the money directly into his bank account. The prosecutor, Robin Rouch, highlighted that this and one of the fraud charges occurred post Evans’ initial arrest.

Victims, many of whom considered Evans a friend, were left financially and emotionally devastated. Their testimonies, as summarised by Mr. Rouch, spoke of savings and pensions lost, and a profound sense of betrayal. Some victims, as per Mr. Rouch’s statement, suffered severe anxiety, with at least one being hospitalised multiple times.

Defending Evans, Jim Davis acknowledged his client’s consistent denial of guilt throughout the proceedings. He emphasised Evans’ previously unblemished character and noted that these offenses were his first at a late stage in his life.

Judge Thomas, in his sentencing remarks, underscored the egregious nature of Evans’ actions. He highlighted the cynical and ruthless manner in which Evans exploited the trust of people, many of whom could ill-afford to lose their money. Particularly striking was the case of two victims in their 70s, who were led to believe they had become millionaires through investments in “algorithms,” only to find out they had been defrauded.

In addition to his prison sentence, Evans’ case will be subjected to the Proceeds of Crime Act proceedings to determine the fate of the embezzled funds. Judge Thomas also took a moment to commend the investigative efforts of officer Dawn Jones and Dyfed-Powys Police’s Economic Crime Team manager Paul Callard for their dedication in bringing Evans’ full range of criminal activities to light.

This case serves as a stark reminder of the potential ramifications of fraudulent schemes and the importance of vigilance in financial dealings. The Swansea Crown Court’s ruling not only delivers justice to the victims but also reinforces the legal system’s commitment to upholding integrity and trust.