Tradefair & Financials
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http://news.bbc.co.uk/1/hi/england/london/8421535.stm
Lawyers face £50m fraud charges
Six people, including solicitors and a property developer, have been charged over a £50m mortgage fraud.
Laurence Ferrigan, 48, Ian McGarry, 40, Saghir Afzal, 47, and Simon Lawrence, 48, were charged with conspiracy to obtain a money transfer by deception.
Birmingham solicitors Fatema Patwa, 47 and Hardeep Sodhi, 33, are accused of the same offence. All six will appear at Southwark Crown Court on 4 January.
The case concerns alleged fraudulent mortgage applications.
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http://news.bbc.co.uk/1/hi/england/berkshire/8421661.stm
Toys R Us accountant stole £3.6m for prostitutes
A former Toys R Us accountant has been jailed for seven years for defrauding the firm of £3.6m he spent on prostitutes and expensive cars.
Paul Hopes, 58, had worked for the toy firm for 23 years and had a £56,000 salary when he developed an infatuation with a massage parlour worker.
He set up a bank account in her name to siphon off money between 2006 and 2008.
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http://news.bbc.co.uk/1/hi/england/surrey/8408297.stm
Men guilty of 'boiler room' share-selling fraud
Two men involved in a £1m "boiler room" share-selling scam have been found guilty of conspiracy to commit fraud.
Martyn Jagger, 27, of Aylesford, Kent, and Daniel Healy, 24, of Enfield, north London, persuaded victims to buy overpriced or worthless company shares.
They were acquitted of other Financial Services and Management Act offences at Kingston Crown Court.
"Boiler rooms" are share-selling operations based abroad and not authorised by financial regulators.
Lawyers face £50m fraud charges
Six people, including solicitors and a property developer, have been charged over a £50m mortgage fraud.
Laurence Ferrigan, 48, Ian McGarry, 40, Saghir Afzal, 47, and Simon Lawrence, 48, were charged with conspiracy to obtain a money transfer by deception.
Birmingham solicitors Fatema Patwa, 47 and Hardeep Sodhi, 33, are accused of the same offence. All six will appear at Southwark Crown Court on 4 January.
The case concerns alleged fraudulent mortgage applications.
------------------------------------------------------------------------
http://news.bbc.co.uk/1/hi/england/berkshire/8421661.stm
Toys R Us accountant stole £3.6m for prostitutes
A former Toys R Us accountant has been jailed for seven years for defrauding the firm of £3.6m he spent on prostitutes and expensive cars.
Paul Hopes, 58, had worked for the toy firm for 23 years and had a £56,000 salary when he developed an infatuation with a massage parlour worker.
He set up a bank account in her name to siphon off money between 2006 and 2008.
------------------------------------------------------------------------
http://news.bbc.co.uk/1/hi/england/surrey/8408297.stm
Men guilty of 'boiler room' share-selling fraud
Two men involved in a £1m "boiler room" share-selling scam have been found guilty of conspiracy to commit fraud.
Martyn Jagger, 27, of Aylesford, Kent, and Daniel Healy, 24, of Enfield, north London, persuaded victims to buy overpriced or worthless company shares.
They were acquitted of other Financial Services and Management Act offences at Kingston Crown Court.
"Boiler rooms" are share-selling operations based abroad and not authorised by financial regulators.
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Lawyers face £50m fraud charges
Six people, including solicitors and a property developer, have been charged over a £50m mortgage fraud. Laurence Ferrigan, 48, Ian McGarry, 40, Saghir Afzal, 47, and Simon Lawrence, 48, were charged with conspiracy to obtain a money transfer by deception. Birmingham solicitors Fatema Patwa, 47 and Hardeep Sodhi, 33, are accused of the same offence. All six will appear at Southwark Crown Court on 4 January. The case concerns alleged fraudulent mortgage applications. Just one question,what were the financial companies doing not checking up on these applications. I can understand some fraud getting through but loaning millions does suggest a need for thorough checking of applications ? |
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they all worked for the seperate companies and signed off the mortage agreements in the individual departments.
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This is really not a new thing guys!! You are getting carried away with the headlines. It amazes me that anyone is surprised, especially on a gambling site. Any fraud is a GAMBLE, nothing more nothing less
People are greedy... They will do anything to make a buck. Some are greedier than ever. One thing is for sure, Many of the Solicitors , Accountants, Property developers you mention had been getting away with it for years. As house prices increased the chances of them getting found out decreased.. Many will never , ever be found out. |
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£3.6 million on hookers over 3 years!! Makes Tiger look quite modest.
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