A FINANCIAL advisor is facing jail after pleading guilty to fraud totalling more than £500,000.

Gambling addict Christopher Summers removed £484,000 from the account of an elderly client between August 2016 and April last year.

He also took £175,000 from two people by lying in telling then he planned to invest the money in Howards Financial Advisors.

The 59-year-old appeared in Manchester Minshull Street Crown Court yesterday where he confessed to three counts of fraud. He was said to have a gambling addiction and realised a custodial sentence was the only likely outcome.

As a result of the distress caused to victims prosecutors made an application to prohibit their identification, which Judge Sophie McKone agreed to.

She deferred sentence on Summers, formerly from Ramsbottom, but now of Walmsley Road, Bury, until December 21. He was warned of the likely outcome of the proceedings.

Judge McKone said: “I am going to order a pre-sentence report. There is only one thing we must determine and that is the length of sentence.

"You have pleaded guilty to the fraud of a large amount of money.”