Simon Gough, 63, thought National Savings & Investments would be the safest place to deposit £250,000 belonging to his mother, who has moved into a care home. Three months later the cheques have been cashed, but the money is nowhere to be seen.
Gough, from Stafford, has power of attorney for Joyce, who is 95, allowing him to make financial decisions on her behalf. In October last year he arranged the sale of her house in Lichfield, Staffordshire, and in April opened two accounts with NS&I, the government-owned savings bank, to deposit the proceeds.
On April 17 NS&I cashed two cheques from Joyce’s bank account — £200,000 going in to its direct saver paying 0.15 per cent interest and £50,000 to invest in Premium Bonds.
https://news.google.com/__i/rss/rd/articles/CBMiXGh0dHBzOi8vd3d3LnRoZXRpbWVzLmNvLnVrL2FydGljbGUvbnMtYW1wLWkta2VwdC1ob2xkLW9mLW11bXMtMjUwLTAwMC1mb3ItMy1tb250aHMtczBkcWh3ampn0gEA?oc=5
2021-07-10 23:01:00Z
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