A British man who funneled cash he’d stolen into gambling has been sentenced to seven years in jail, after conning 10 folks out of greater than £1 million ($1.4 million).
Morgan Reeve, 26, of Wodehouse Highway, Hunstanton, was sentenced at Norwich Crown Court docket on Friday (December 19) after being discovered responsible of 19 counts of fraud by false illustration following a trial.
British man’s gambling-fueled funding rip-off uncovered earlier than jail sentence
The court docket heard that Reeve’s scheme began in 2018 and ran for about three years. Over that point, he satisfied folks at hand over their cash by telling them he would make investments it for them. In actuality, not one of the victims ever noticed the returns he promised, and their cash was by no means paid again.
Reeve portrayed himself as a profitable, rich dealer, claiming he might make massive earnings by means of overseas trade buying and selling utilizing a web-based platform referred to as BD Swiss. Prosecutors stated this picture was constructed on lies. He repeatedly exaggerated or fully made up the earnings he stated he had earned for each himself and his victims, utilizing false reassurances to maintain them on aspect.
A person has been jailed for seven years after defrauding victims of over £1m.
Morgan Reeve, aged 26 was discovered responsible of 19 counts of fraud by false illustration, following a trial. pic.twitter.com/WsOUVpySHR
— Norfolk Police (@NorfolkPolice) December 22, 2025
The court docket was informed he stayed in contact with victims by means of a number of messaging apps, typically guaranteeing there was no threat of dropping cash. When folks began asking for his or her money again, he stalled them with excuses and recent guarantees as a substitute of returning the funds.
The fraud lastly unraveled when one sufferer went to the police. After that, others got here ahead, every describing related tales and monetary losses tied to Reeve.
Handing down a seven-year jail sentence, the decide pointed to how giant the fraud was, how lengthy it went on, and the intense impression it had on the victims’ lives.
Investigating officer DC Aaron Jones stated in a press release that Reeve had “constantly manipulated a number of victims over an prolonged time frame” and confirmed that the cash obtained was used to fund a lavish lifestyle and gambling. He added that the offences had a “devastating impact” on the victims and expressed hope that the sentence would supply reassurance that Reeve could be unable to commit additional frauds for the foreseeable future.
Featured picture: Norfolk Police
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