Kevin Robert Manning pleaded guilty to 22 offences related to money laundering which took place between 2005 and 2014.
At his sentencing hearing before the Bailiff and five Jurats, the Royal Court heard that in 2014, the Law Society undertook an investigation into his work at KR Manning and Co, a sole trader, providing conveyancing, trust work and the management of estates and curatorships.
Manning was found to be moving money between accounts of his 'raft of clients', which later came to comprise mostly curatorships. The court heard that Manning committed the offences in an attempt to keep his firm afloat.
Solicitor General Mark Temple, prosecuting, said Manning's offending was so prolonged and frequent that it was no longer possible to establish accurate amounts owed to the individual clients affected.
Manning was not taking the money for his own use, but to cover shortfalls and payouts between various accounts, sometimes called 'short-banking', and also a feature of Ponzi schemes, the Solicitor General said.
In total, Manning pleaded guilty to fraudulently converting over £94,000 from his clients.