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Mortgage fraudsters jailed for 7 years

Two men involved in a £7m mortgage fraud and an attempted £12m VAT fraud have each been jailed for seven years today.

HM Revenue & Customs investigators found Martin Conrad and Richard Murkin had hijacked plans of a hotel project in Mauritius.

The pair signed contracts with furniture providers to furnish the project and tried to reclaim over £12m in VAT from HMRC, but the fraud was discovered before any money was paid out.

Around £8.8m was paid out to the fraudsters in mortgage payments in relation to the purchase of two commercial premises, but the Metropolitan Police says it prevented a further £70m in fraudulent payments being made.

Conrad and Murkin pleaded guilty in January to fraudulent attempts to obtain the VAT repayment. They also pleaded guilty to mortgage fraud, attempted mortgage fraud and money laundering offences.

They were both sentenced to five years for the mortgage fraud and two years for the VAT fraud.

HMRC assistant director of criminal investigation Chris Martin says: “HMRC worked alongside the Metropolitan Police to bring these fraudsters to justice. Tax evasion is serious, blatant theft and we will continue to pursue those trading fraudulently to the full extent of the law.

“The sentences handed down will serve as a deterrent to anyone who thinks that fraud is a risk worth taking.”

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Were these two mortgage brokers, I wonder?

  2. Mr. Jogga SinghTeidy BA (Hons) RGN Cert.Ed CMAP 18th March 2011 at 5:43 pm

    Good work, WE NEED THE SAME SYSTEM OF DETECTION AND ARREST AND CONVICTION OF OUR THE WAY OUR HOME SECRETARY…MS. HARMANS’S WORK, TO ESTABLISH HOW IN DOMESTIC VIOLENCE SETTING INNOCENT PEOPLE HAVE BECOME CONVICTED, AND THE CROWN REPRESENTATIVE, THE CPS…

    SO THEY CAN BE JAILED LKEWISE FOR FRAUD? IN MEETING TARGETS FOR CONVICYION WHILE HAVING NO REGARDS FOR INNOCENTS THEY TRAP IN THE WAY THEY EVIDENCE LAW AND PROCEDURES?

    NO SUCH SYSTEMS OF DETECTION OF INJUSTICE EXIST AND NOW NEED TO BE INTRODUCED, TO PROTECT INNOCENT ORDIANRY FAMILY MEMEBRS AND FAMILIES FROM THOSE WHO ARE LEGALLY ELELCETED AND APPOINTED TO SERVE JUSTICE!

    THE FINANCE INDUSTRY NEEDS ORINARY GOOD MANNERS AND ETHIC, SO DOES OUR GOVERNANCE, ELELCTED AND APPOINTED WHO HIDE BEHIND INDEPENDANCE OF THE JUDICIARY ETC AND IMMUNITY TO HURT INNOCENT MEMEBERS OF SOCIETY, WHILE THE LIVE IT UP LIKE LEGALISED CRIMINALS?!

  3. Does anyone else on here find the massive and oversensetive (to mouse cursor) artemis advert really irritating.

    I’m going to make a point of not recommending any all week!

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