Thursday, March 12, 2009

Over-valued? New-build? Buy-To-Let? Mortgage Fraud? Who’d a thunk it? (How many more are there?)

Ipswich flats in £40 million fraud probe

NINE people have been arrested on suspicion of a £40million mortgage swindle believed to involve an Ipswich waterfront development. The suspects are currently on bail after being quizzed by police following raids on their homes. The alleged fraud is said to be part of an investigation into crooked mortgage deals, which could ultimately be worth hundreds of millions of pounds.

Posted by phil robinson @ 06:16 PM (672 views)
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