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Solicitor Dale Walker Jailed For 5.5 Years Over £4.3M Land Banking Scam

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Sevenoaks solicitor Dale Walker jailed over £4.3m land banking scam

http://www.sevenoakschronicle.co.uk/Sevenoaks-solicitor-Dale-Walker-jailed-4-3m-land/story-26642144-detail/story.html

I was reading an Hpc off topic thread on fraud (LINK)

On it, Hpc poster "porca misèria" said "when they try to prosecute, the legal profession tend to close ranks to ensure any case gets scuppered.

Google (for example) "Dale R Walker".

I did google & found this quote below of the case being suspended. It turns out they did get them in the end. I thought it worth posting, as we have discussed land banking scams at length on hpc in the past, but not recently IIRC

Major fraud case involving Sevenoaks solicitor is suspended

Read more: http://www.sevenoakschronicle.co.uk/Major-fraud-case-involving-Sevenoaks-solicitor/story-21043162-detail/story.html#ixzz3d3GJtaqM A MAJOR fraud trial involving a Sevenoaks solicitor has been suspended at Southwark Crown Court today.

The decision by Judge Leonard QC follows calls from the Prime Minister’s brother, Alex Cameron QC, on Monday.

The QC who was representing seven of the defendants free of charge said legal aid changes meant his clients were unable to source competent barristers.

Today Leonard ruled that without adequate representation, Dale Walker, 53, – who traded as Dale R Walker Solicitors in the High Street – and the other defendants involved would not receive a fair trial.

Walker faces fraud charges and an allegation of money laundering in association with a £5m scam where land was sold with false development potential between August 2008 and November 2011.

The charges arose out of a Financial Conduct Authority investigation into the activities of landbanking companies which divide land into smaller plots to sell it to investors on the basis that once it is available for development it will soar in value.....

Read more: http://www.sevenoakschronicle.co.uk/Major-fraud-case-involving-Sevenoaks-solicitor/story-21043162-detail/story.html#ixzz3d3GekyWb

A SEVENOAKS solicitor has been jailed for 5 and a half years for his part in a £4.3million land-banking scam in which 110 people were conned.

Dale Walker, who operated from an office in the High Street, made around £900,000 personally from his crimes while operating as part of a network whose members Daniel Forsyth, Brendan Daley, Aaron Petrou, Ross Peters, Adam Hawkins, and Ricky Mitchie have also now been convicted.

Between July 2008 and November 2011 the defendants were involved in the operation of an unauthorised collective investment scheme through three companies: Plott Investments Ltd, which changed its name to Plott UK Ltd, European Property Investments (UK) Ltd, and Stirling Alexander Ltd.

Salesmen for the companies cold-called potential investors to sell them agricultural land that the companies had bought for minimal amounts as well as land the companies did not own. Using sales scripts, misleading promotional material, and high-pressure sales techniques they lied about the current and future value of the land. People were persuaded to purchase land at a vastly inflated price, on the false promise of a substantial profit. The scheme extracted at least £4.3 million from investors and none of them has seen a return.

In sentencing at Southwark Crown Court, Judge Leonard QC described the scheme as a 'very substantial and deliberate fraud on the public. "He stated that the operation was 'a subtle and cruel fraud because it involves the concept of owning land, a commodity that the public are bound to think has value and on which they cannot lose and on which they can easily be persuaded that they can make very substantial profits."

The Judge said that Walker's conduct was worse because he was a solicitor....



Read more: http://www.sevenoakschronicle.co.uk/Sevenoaks-solicitor-Dale-Walker-jailed-4-3m-land/story-26642144-detail/story.html#ixzz3d3F1rzWq
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Edited by Saving For a Space Ship

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