Posted in Notable Cases on January 30, 2013
A number of defendant’s in this case were charged with conspiracy to commit mortgage fraud and money laundering in of an overall sum approaching £1m.
The allegations were that the defendants that included an accountant, financial advisor and solicitors ran a sophisticated con using the internet to alter Land Registry records and obtained mortgages or remortgages on properties, netting sums approaching £1m.
Monies that were paid out by Birmingham Midshires and The Mortgage Business, which were both part of the Halifax Bank of Scotland, was then laundered through other people's accounts and large sums sent to Pakistan.
The main defendant used details of other people without them knowing or altered information held by the Land Registry to apply for the mortgages. He was found guilty of conspiracy to commit fraud by false representation, perverting the course of justice and transferring criminal property and received a long term of imprisonment.
The principal of Ashmans along with the instructed fraud and money laundering specialist barrister were able to secure an acquittal following a long and complex trial for their client.
This was a very serious case and if the defendant had been convicted he would have been at risk of a substantial jail term along with a large confiscation order.