A FORMER Lloyds TSB bank financial adviser has admitted defrauding two of his clients and misusing funds from a Malvern school.

Andrew Bartlett, aged 48, of Northill Gardens, Malvern, was warned he faced jailed for the five offences to which he pleaded guilty.

At a previous hearing the court was told that Bartlett was chairman of the finance committee of Dyson Perrins CE School.

Three charges of using criminal property relate to money from the school.

He was released on bail from Gloucester Crown Court and told to return to court for sentence on Wednesday, July 20.

Bartlett, who had worked at Lloyds TSB in Gloucester, admitted dishonestly abusing his position as a financial adviser by paying £11,000 of client Lesley Bagshaw’s money into his property development company, Bartlett and Styles on April 14, 2009 rather than investing it for her as agreed.

He admitted a similar charge relating to £40,000 of client Eileen Davis’ money between August 6 and September 2, 2009.

And he pleaded guilty to the three offences of using criminal property.

One related to using £67,500 between September 2005 and January 2006 by paying it into an account held by Payton’s solicitors knowing or suspecting it constituted benefit from criminal conduct.

Another referred to £16,000 paid into Payton’s solicitors between August 2006 and January 2007.

And the third charge stated that on August 16, 2009 he used £4,000 paid into the account of Bartlett and Styles knowing or suspecting it constituted criminal benefit.

His barrister, James Tucker, asked for a pre-sentence report and told the court: “He has co-operated fully with the investigation. All the money has been paid back.”

Louise Pinder, prosecuting at an earlier hearing, said: “These are cases of alleged repeated abuses of trust. The defendant was working at Lloyds TSB Bank as a financial adviser at the time.

“The other three charges, acquiring, using or possessing criminal property, relate to monies belonging to the Malvern school.”

At the hearing Judge William Hart told Bartlett: “No decisions have been made about the sentence which will be imposed.

“I will not be the judge who will deal with you on that day but whoever does deal with your case will have all sentencing possibilities including custody open to him or her.”