Two men sentenced to prison for scamming pensioner out of his savings in Malaga

TWO men have been sentenced to three and a half years in prison and fined €5,400 for scamming a pensioner out of his life savings.

The 83-year-old, who passed away in 2011, lived alone in Malaga City with “no support from his family” when his neighbour approached him offering financial advice.

The neighbour referred the pensioner to his son, who claimed to be a financial expert, who assured the elderly man he would make sound investments on his behalf.

The son then drew up a contract which would charge the victim “up to €193,599” and used his “diminished mental state” to trick him into signing the agreement with the purported promise of making him money.

When €130,000 of invested money yielded nothing for the pensioner in 2008, the pair blamed the ‘economic crisis’ and pocketed his life savings.

Malaga’s court also ordered the father and son pay €236,900 to the family of the victim as compensation.