Son of Pendle businessman stole £100,000 from nieces’ trust fund
the son of a late Pendle businessman is currently being hunted after he was found guilty of stealing more than £100,000 from his nieces’ trust fund.
Jonathon Reed, whose father is Peter Reed – who made his name in the fifties selling linen in Pendle under Peter Reed Luxury Linens – before being bought out, is facing extradition from South Africa where he is currently believed to be.
Bradford Crown Court found him guilty of four counts of fraud – stealing £104,500 from the children to support a failing business.
Mr Reed had been trusted by his father, after his death, to ensure that his nieces received the inheritance they were entitled to.
Investigating officer, Detective Inspector Matt Walker of North Yorkshire Police said: “We are pleased with this result which follows a complex investigation involving a selfish man with no regard for his own family.
“Clearly, the best outcome would be for him to be serving his sentence immediately, and we will do everything in our power to ensure he is brought back to the UK to face the consequences of this most callous and devastating crime.
“He has never apologised to his family for his actions. He lied to family members to try and cover up his trail of deceit.”