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Jody Pearson, a former British model who ran Continental Wealth Management (CWM) in Costa Blanca, has been sentenced to three-and-a-half years in prison for fraud after leaving over 900 UK expats without access to their retirement funds and investment bonds, resulting in an estimated loss of £29 million. Pearson was convicted specifically for defrauding Sally Anne Hodgson and Tim Benjamin out of significant sums of money through non-existent property deals. She had previously appealed her conviction but lost both appeals, ultimately leading to her imprisonment in Alicante's Cumplimiento prison.
Written locally by qwen2.5:14b on 2026-10-06,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Jody Pearson, formerly known as Jody Smart, a British ex-model and former business owner, was sentenced to three-and-a-half years in prison in Spain for defrauding UK expatriates. Operating under the name Continental Wealth Management (CWM), she left over 900 retirees without access to their retirement funds and investment bonds when her firm collapsed in 2017, resulting in losses of around £29 million. Two victims, Sally Anne Hodgson and Tim Benjamin, lost money on a non-existent Costa Blanca property. Pearson had been allowed to continue running the Oceana Club in Benissa while she appealed her verdict but was finally jailed after losing both appeals. She is now serving time at Cumplimiento prison in Alicante, Spain.
Written for “UK Expats Scam Conviction” on 2026-10-06,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political
question, so it has no leaning score. That is an
answer rather than a gap: a match report or a rescue can be warmly
or critically written without being left or right, and scoring it
anyway is how approval of a subject gets recorded as a political
position.
No political leaning scored for article 59976 · logged 2026-10-06
A British fraudster who conned UK pensioners out of millions of pounds has been jailed in Spain.
asserted
who → con → Spain
Ex model Jody Pearson, also known as Jody Smart, was sentenced to three-and-a-half years behind bars in Costa Blanca after she left hundreds of expats out of pocket through her collapsed firm.
asserted
she → know → firm
The 50-year-old lost both of her appeals and was found guilty of fraud in a Spanish court and has been jailed in Alicante's Cumplimiento prison – but had handed herself in voluntarily.
asserted
old → lose → herself
Pearson is the former boss of the disgraced Continental Wealth Management (CWM), which abruptly closed in 2017, leaving over 900 expats unable to access their retirement funds and investment bonds.
asserted
which → close → funds
In April last year, Pearson was finally convicted for deliberately swindling expats Sally Anne Hodgson and Tim Benjamin out of money.
asserted
Pearson → convict → money
The pair both handed CWM money for a Costa Blanca property which never actually existed.
asserted
which → hand → property
It is estimated the collapse of the business lost clients of Pearson and her partner Darren Kirby around £29million.
asserted
collapse → estimate → Pearson
The Briton was convicted after a trio of pensioners complained.
asserted
trio → convict → pensioners
Jody Pearson, also known as Jody Smart, a former model turned bar owner, was convicted of fraud in April last year
She was sentenced to three-and-a-half years in jail but had been allowed to continue running the Oceana Club in Benissa while she appealed the verdict.
asserted
she → know → verdict
But she is now behind bars
Sally Anne Hodgson lent CWM £59,000 and was never repaid and Tim Benjamin gave CWM money for a property which allegedly did not exist.
uncertain
which → lend → property
Mark Davison lost £679,000 but he died before he was able to see Pearson put behind bars.
asserted
Pearson → lose → bars
The fraudster has been ordered to pay £316,000 in compensation to Ms Hodgson and Mr Benjamin.
asserted
fraudster → order → Hodgson
The ex model appealed her conviction to the Valencia High Court and then Spain's Supreme Court – but failed both times.
asserted
model → appeal → Court
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