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Couple Told To Pay Back 1.3M Of Ill Gotte Gains From Btl

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Popped up on my facebook SYP feed today. Wonder how many like this there are.

Linky

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They were banged up due the fact that he hidden his bankruptcy.

link

Donny council supporting fraud....

the couple obtained a total of 1,061,925 in loans and received 216,000 in rent while trading as Grosvenor Properties. Most of it was paid by Doncaster Council for people on housing benefits

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Yeah, this was covered here extensively back in the day

http://www.housepricecrash.co.uk/forum/index.php?showtopic=138159

The couple obtained 18 mortgages between April 2003 and May 2007.

Rose signed a number of documents containing false information to obtain the money because her husband had been declared bankrupt and could not apply himself.

During the "unsophisticated" scam her job titles ranged from a 21,000 a year secretary at a construction firm - despite being unemployed - to a chief quantity surveyor at the same firm earning 52,000 a year.

Most of the properties were converted into bedsits but the couple also bought their own home at Priory House in Retford Road, Blyth.

Miss Robinson said the couple obtained a total of 1,061,925 in loans and received 216,000 in rent while trading as Grosvenor Properties. Most of it was paid by Doncaster Council for people on housing bene?ts. Their daughter had been privately educated.

Helen Rose's barrister, David Taylor, said the couple had been married for 17 years and he was always the dominant partner and she did what she was told.

"She left all financial dealings to him. He wanted to use her name because he had been made bankrupt and couldn't obtain credit. He would take her to the mortgage brokers and she would sign what was before her.

"She was no more than a naive puppet. At no point did she realise she was being dishonest and what the consequences might be."

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Yeah, this was covered here extensively back in the day

http://www.housepricecrash.co.uk/forum/index.php?showtopic=138159

Yep it made me Laugh at the time this case She was made out to be an innocent party although she aplied for all the Mortgages while pretending to be employed.

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During the "unsophisticated" scam her job titles ranged from a 21,000 a year secretary at a construction firm - despite being unemployed - to a chief quantity surveyor at the same firm earning 52,000 a year.

:angry:

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Just shows how easy it was to obtain money from lenders as this has been classed as an "unsophisticated" scam :lol:

Edited by awaytogo

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I presume the commission bonus paid to the bank staff who approved the loans - without cursory income checks - is being repaid and they're off to the chokey too.

These people are greedy spivs on the make but I'd rather a cell was occupied by a repeat violent offender,

If everyone who's exaggerated their income on a mortgage application was locked up you'd have to build a lot more prisons - I suppose people could lie to banks to borrow the money to build the extra prisons and then rent the prisons back to the government.

Edited by Soon Not a Chain Retailer

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Flee the country with the stash.

Since this POCA legislation - ostensibly for seizing drug dealers cars and properties - has been used for all sorts of tin pot fraudsters, I'd guess a lot of assets have disappeared off to safety deposit boxes abroad.

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I presume the commission bonus paid to the bank staff who approved the loans - without cursory income checks - is being repaid and they're off to the chokey too.

These people are greedy spivs on the make but I'd rather a cell was occupied by a repeat violent offender,

If everyone who's exaggerated their income on a mortgage application was locked up you'd have to build a lot more prisons - I suppose people could lie to banks to borrow the money to build the extra prisons and then rent the prisons back to the government.

Just shows how we ( the country ) are in such a mess when here we have 2 people one Bankrupt and the other Unemployed were able to obtain over £1000000 in mortgages without even having to try hard. Shows that the whole housing inflation was no more than a pyramid selling scam steamed up by crooks lending money by deception.

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Just shows how we ( the country ) are in such a mess when here we have 2 people one Bankrupt and the other Unemployed were able to obtain over £1000000 in mortgages without even having to try hard. Shows that the whole housing inflation was no more than a pyramid selling scam steamed up by crooks lending money by deception.

Quite right, the financial schemes, especially connected with housing, are set up in a way that lend themselves very well to fraud and those who wish to defraud on all levels. The country is full of people who do this, from the top down.

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Quite right, the financial schemes, especially connected with housing, are set up in a way that lend themselves very well to fraud and those who wish to defraud on all levels. The country is full of people who do this, from the top down.

One of the key components in fraud is 'government assistance'. Without governments being held to ransom by banks and paying out all this housing benefit, the fraud would be pretty impossible to carry out. If banks did engage in liar loans to BTLers, they would quickly go bust, and cease to exist, leaving only banks that check borrowers carefully in existence. The money taken from taxes, and used to pay over the top rents via housing benefit wouldnt be there to make the fraud worthwhile anyway. When helping people out, all governments need to think carefully about how fraudsters will go after the taxed money, and if they cannot prevent them from getting the money, either through fraud or gaming the system, then the government must simply not involve itself in that assistance.

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One of the key components in fraud is 'government assistance'. Without governments being held to ransom by banks and paying out all this housing benefit, the fraud would be pretty impossible to carry out. If banks did engage in liar loans to BTLers, they would quickly go bust, and cease to exist, leaving only banks that check borrowers carefully in existence. The money taken from taxes, and used to pay over the top rents via housing benefit wouldnt be there to make the fraud worthwhile anyway. When helping people out, all governments need to think carefully about how fraudsters will go after the taxed money, and if they cannot prevent them from getting the money, either through fraud or gaming the system, then the government must simply not involve itself in that assistance.

I agree the HPI inflation was fueled by over generous housing benefits, in some areas WORKING people cannot afford to rent never mind buy do to the last silly goverments loose pockets as far as housing benefit.

Bring on reality.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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