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The Masked Tulip

​swansea Dentist Jailed For Six Years After £1M Scam To Pay For Lavish Holidays And School Fees

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​Swansea dentist jailed for six years after £1m scam to pay for lavish holidays and school fees

A SWANSEA dentist has been jailed for six years for a scam which netted him more than £1m which he spent on school fees for his grandchildren and lavish holidays.

Dr John Edward Hammond told his 22 victims he was investing their money in a fictitious property portfolio.

He admitted fraud and money laundering as Leicester Crown Court heard the 68-year-old's scam had "left many of his victims financially, emotionally and physically shattered".



Read more: http://www.southwales-eveningpost.co.uk/8203-Swansea-dentist-jailed-years-1m-scam-pay/story-29367098-detail/story.html#ixzz4AsmgHhfj

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​Swansea dentist jailed for six years after £1m scam to pay for lavish holidays and school fees

Read more: http://www.southwales-eveningpost.co.uk/8203-Swansea-dentist-jailed-years-1m-scam-pay/story-29367098-detail/story.html#ixzz4AsmgHhfj

Not a bad pay day....£1M tax free in 6 years + 6 years holiday.

What's not to like ?

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In mitigation,Stephen Donnelly said: "For many years the interest and capital was paid to individuals. He should have accepted his own business failings but he relied on the receipt of other people's money to dig him out of his hole.


Classic Ponzi.....Ponzi crime is now mitigation BS. The Bankers have taught us much.

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In mitigation,Stephen Donnelly said: "For many years the interest and capital was paid to individuals. He should have accepted his own business failings but he relied on the receipt of other people's money to dig him out of his hole.

Classic Ponzi.....Ponzi crime is now mitigation BS. The Bankers have taught us much.

Look, these ponzis work...Can everyone wire me their cash savings, i'm guaranteeing...yes...guaranteeing....a 20% APR return.

Details to follow..../

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