JMW successfully recovered payment for missing gold bars

JMW's client had instructed the same accountant for around two decades. The accountant had been asked to invest in a number of gold bars on behalf of JMW's client. It transpired that the accountant had subsequently sold the gold bars and failed to provide our client with the £200,000 proceeds.

How did JMW help?

Solicitor Lily Paterson, working alongside partner Ben Johnson, carefully reviewed what happened in relation to the investment in precious metals and their disposal. Lily had worked with a barrister to prepare the case to go before the court.

Lily then engaged in settlement discussions with solicitors acting for the defendant accountant to achieve a positive outcome for our client.

The outcome

The accountant settled the matter prior to the court hearing.  JMW's client was able to recover around £200,000 in financial damages.

Solicitor Lily Paterson said, “Our client was in a difficult position because his trusted advisor of two decades had disposed of the gold and failed to give our client the proceeds. Not only had our client been deceived by his accountant, but he was financially out of pocket too. I am pleased that we were able to negotiate a settlement with the accountant.”