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Trader facing additional fraud charges

By Western Morning News  |  Posted: December 24, 2012

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A Westcountry accountant accused of fraud has been charged with another ten offences – bringing the total allegedly involved to £7.7 million.

Foreign exchange trader Simon Grinter, 55, faced Plymouth magistrates to answer a total of 65 allegations of fraud by abuse of position.

Grinter, of Butts Park, Newton Ferrers, Devon, has so far indicated "no plea" to all matters.

The new charges are similar to those already put.

Grinter is alleged to have abused his position as a foreign exchange dealer when he was expected to safeguard the financial interests of clients.

Prosecutors claim he lost large sums of money between March 2008 and June 2012. His alleged victims come from across the country and were put at risk of losing individual sums ranging from £5,000 to £1,129,066. Magistrates formally committed his case to Plymouth Crown Court. He was released on unconditional bail until February 11.

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