Jeffs had been employed as Troyan’s financial advisor in 2005 following the death of the millionaire’s romantic partner. Jeffs was to assist in the investment and management of the huge inheritance Troyan received, the court was told.
“Some concerns were raised at the bank when Mr. Troyan explained that he had been providing signed blank cheques to his financial advisor, however this, so far as the late Mr. Troyan understood, was for investment purposes,” continued Brown.
The relationship between the two men deteriorated in the months prior to Troyan`s death, as he told friends how much money Jeffs had lost him, according to Brown. Friends described Troyan as a "larger than life" character, who “trusted strangers too much.”
“It was a deception and it worked. Not a penny of the £343,000 was re-invested on Mr. Troyan's behalf and it was spent by the defendant on himself and his friends,” said Brown.
Jeffs, of Arnold, Nottingham, was found guilty of murder and fraud on Friday. He will be sentenced at a later date, according to the prosecution.