Jump to content
House Price Crash Forum
Sign in to follow this  
eric pebble

Foxtons' Criminality And Mortgage Fraud - All Lead To Same Result:

Recommended Posts

The documentary on Estate Agents' fraud and dishonesty last night is just one of many criminal scams - You can put it alongside Mortage Fraud - http://www.housepricecrash.co.uk/forum/ind...89entry259289 -

- all of which have led to the huge 3+x increase in real house prices in 10 years. Any lawyers out there? A Class Action by all who - as a result of this multiple fraud accross the "Housing Industry" [EA's, Mortgage Brokers, Finance Houses etc.] - all to varying degrees have pumped up prices and THUS - affected people's lives utterly - ....... If this MASSIVE price-fixing happened anywhere else.... e.g. the City - there would be an outcry and legal remedies and prosecutions...... Why can't this be the case too against all these dishonest people in the EA & Finance Sector? ........

Share this post


Link to post
Share on other sites

The documentary on Estate Agents' fraud and dishonesty last night is just one of many criminal scams - You can put it alongside Mortage Fraud - http://www.housepricecrash.co.uk/forum/ind...89entry259289 -

- all of which have led to the huge 3+x increase in real house prices in 10 years. Any lawyers out there? A Class Action by all who - as a result of this multiple fraud accross the "Housing Industry" [EA's, Mortgage Brokers, Finance Houses etc.] - all to varying degrees have pumped up prices and THUS - affected people's lives utterly - ....... If this MASSIVE price-fixing happened anywhere else.... e.g. the City - there would be an outcry and legal remedies and prosecutions...... Why can't this be the case too against all these dishonest people in the EA & Finance Sector? ........

From my observation, a number of offences were committed:

1. Forgery (passport)

2. Theft (Journalist's property)

3. Conspiracy to Defraud (collusion with mortgage broker, undervaluing old man's house)

4. Obtaining by deception (agreements to sell properties)

5. Money Laundering (kick backs)

If the CPS are not examining the BBC tape they need to do so.

Share this post


Link to post
Share on other sites
Guest Charlie The Tramp
From my observation, a number of offences were committed:

I thought the passing on of clients personal finances by their mortgage brokers so Foxton`s staff could up the anti was disgusting and surely illegal.

Share this post


Link to post
Share on other sites

I thought the passing on of clients personal finances by their mortgage brokers so Foxton`s staff could up the anti was disgusting and surely illegal.

Agree entirely. Mind you I thought Foxtons were scum even before this went out.

Don't leave breach of the data protection act off the list....

Share this post


Link to post
Share on other sites

From my observation, a number of offences were committed:

1. Forgery (passport)

2. Theft (Journalist's property)

3. Conspiracy to Defraud (collusion with mortgage broker, undervaluing old man's house)

4. Obtaining by deception (agreements to sell properties)

5. Money Laundering (kick backs)

If the CPS are not examining the BBC tape they need to do so.

It's so depressing - but I bet you anything they're doing nothing about it....

Edited by eric pebble

Share this post


Link to post
Share on other sites
Guest Riser

I thought the passing on of clients personal finances by their mortgage brokers so Foxton`s staff could up the anti was disgusting and surely illegal.

Probably in breach of the Data Protection Act which I think ca land them in serious trouble

Share this post


Link to post
Share on other sites

- all of which have led to the huge 3+x increase in real house prices in 10 years. Any lawyers out by all who - as a result of this multiple fraud accross the "Housing Industry" [EA's, Mortgage Brokers, Finance Houses etc.] - all to varying degrees have pumped up prices.... [eric pebble]

When an auction lot is bid up to a ridiculous price one doesn't blame the seller or the auctioneer. It's only the buyers who are to blame.

I thought the passing on of clients personal finances by their mortgage brokers so Foxton's staff could up the anti was disgusting and surely illegal. [CTT]

Yes, it's an offence under the Data Protection Act 1998 and the Financial Services and Markets Act 2000. Both the mortgage broker and estate agent could be prosecuted for the common law offence of conspiracy to defraud or more specific statutory offences under the Theft Act 1968 as amended. The client could also sue for breach of contract (duty to keep personal information private and confidential).

It's not more red tape and regulation that's required, just enforcement of the existing rules.

Share this post


Link to post
Share on other sites

If the CPS are not examining the BBC tape they need to do so.

There's not a chance in hell of anything happening, Gordon's entire economic miracle is premised on this sham. It will make the dotcom bubble and Enron appear like small cheese when the sh!t finally hits the fan, then people will start asking questions.

Share this post


Link to post
Share on other sites

It's not more red tape and regulation that's required, just enforcement of the existing rules.

Well Jeff on this I have to agree. There is some sort of manic overdrive thing that is going on in Whitehall (I think they have some sort of collective obsessive compulsive disorder). Its like so many things in this country. Implement and prioritise the law selectively based upon resource decisions, and then when things get out of hand because you haven't bothered to implement the law uniformly, add another law that will also disppear into the hyper-paper trail of 'initiatives' that wer'nt implemented.

And of course how could your humble copper keep up with the range of offences? They have only just learned one name for it when it is changed to something else. But then the humble copper is not the target of the new 'initiative'. The media is. This country is run on faint impressions... and Jordan's tits.

Share this post


Link to post
Share on other sites

I thought the passing on of clients personal finances by their mortgage brokers so Foxton`s staff could up the anti was disgusting and surely illegal.

What was the strength of evidence presented? I can't remember exactly, but I thought we were told that this had happened as hearsay, but that we didn't see documents or property recorded conversations/encounters that were undeniable proof. Hence while I personally believe that details were passed on, the required level of proof for criminal proceedings may not have been reached. Is this correct?

Billy Shears

Share this post


Link to post
Share on other sites
Guest Guy_Montag

Well Jeff on this I have to agree. There is some sort of manic overdrive thing that is going on in Whitehall (I think they have some sort of collective obsessive compulsive disorder). Its like so many things in this country. Implement and prioritise the law selectively based upon resource decisions, and then when things get out of hand because you haven't bothered to implement the law uniformly, add another law that will also disppear into the hyper-paper trail of 'initiatives' that wer'nt implemented.

And of course how could your humble copper keep up with the range of offences? They have only just learned one name for it when it is changed to something else. But then the humble copper is not the target of the new 'initiative'. The media is. This country is run on faint impressions... and Jordan's tits.

I heartily agree, rather than new crimes being created we need proper inforcement of those on the books.

I wouldn't blame civil servants for this, I blame the politicians, who must be seen to "do something". & so a new law comes into being.

Share this post


Link to post
Share on other sites
Guest Charlie The Tramp

What was the strength of evidence presented? I can't remember exactly, but I thought we were told that this had happened as hearsay, but that we didn't see documents or property recorded conversations/encounters that were undeniable proof. Hence while I personally believe that details were passed on, the required level of proof for criminal proceedings may not have been reached. Is this correct?

Billy Shears

I`m sure one clip showed two of the female staff at Foxtons discussing this and one said to the other push them up to 285 but don`t let on we know their finances or words to that effect as we could be in trouble. I will replay the recording to confirm I heard this.

Edit: I`ve just replayed the recording and that is more or less correct.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.