Terry Warrington persuaded dozens of victims to part with life savings . He and business partner Malcolm Barber ran investment firm for 25 years . But many pensioners were left penniless when their investments were lost . Warrington was jailed last year after admitting fraud and theft charges . He declared himself bankrupt and has been ordered to pay back just £1 . Ruling was made at a proceeds of crime hearing at Crown Prosecution Service .
Terry Warrington persuaded dozens of victims to part with life savings . He and business partner Malcolm Barber ran investment firm for 25 years . But many pensioners were left penniless when their investments were lost . Warrington was jailed last year after admitting fraud and theft charges . He declared himself bankrupt and has been ordered to pay back just £1 . Ruling was made at a proceeds of crime hearing at Preston Crown Court .