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Fake property developer jailed for £30m mortgage fraud

A former Virgin Atlantic pilot has been jailed for 14 years after posing as a property developer in a £30m mortgage fraud.

The BBC reports Mark Entwistle, 47, Iived a lavish lifestyle spending money at casinos in Las Vegas and on a luxury boat.

Southwark Crown Court heard Entwistle used corrupt solicitors and accountants to approve his loan applications while pretending to be a Windsor-based property developer.

Two solicitors and an accountant were also jailed for fraud.

Entwistle and Willmett’s solicitors partner Jonathan Gilbert, 45, conned the Royal Bank of Scotland and Northern Rock out of more than £6m, the court heard.

Gilbert pleaded guilty to 21 counts of conspiracy to defraud and was jailed for 12 years.

Bank employees were also found guilty of involvement including accountant Nicholas Pomroy, 58, who was sentenced to three years; and solicitor Matthew Robinson, 40, who received five years.

The judge branded Entwistle “arrogant and greedy, brazen to the last with no expression of remorse”.

He added: “A great deal of money was blown on your excesses Mr Entwistle, to keep up the vague pretence to your friends and others of what a rich and successful man you were.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. How can these people have thought they could get away with such activities for any longer than a decidedly finite period before somebody started to smell a rat and informed the relevant authorities? Two crooked solicitors and a crooked accountant as well. Tut, tut.

  2. Aurangzeb Paracha 15th October 2014 at 1:12 pm

    how much of this money was recovered / i wuld assume there assets were frozen but the article fails to mention any fines / redress

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