Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 17°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

Ipswich: Confiscation orders made in £100,000 buy-to-let mortgage fraud

11:01 08 January 2014

Barratt

Barratt's Foxgrove Gardens development in Ipswich

Four people who were jailed for their involvement in a multi-million pound buy-to let mortgage fraud in Ipswich have now been ordered to repay more than £100,000 in confiscation orders.

Before Ipswich Crown Court for a proceeds of crime hearing were Olayemi Daniel, 47, of Dagenham, Ajayi Seun, 46, of Surrey, Didi Jordan, 45, of Surrey and Janet Mukasa, 49, of Kent.

Daniel, who was jailed for four years after being found guilty of money laundering and mortgage fraud was found to have benefitted from her offending by £17,800 but in view of her available assets was ordered to pay a confiscation order of £2,174. Seun, who was jailed for four years after admitting conspiracy to defraud, was found to have benefitted by £1,208,203 and was ordered to pay a £30,298 confiscation order while Jordan, who was jailed for three years after being convicted of conspiracy to defraud and money laundering, was found to have benefitted by £47,841 and was ordered to pay a confiscation order in that sum.

Mukasa, who was jailed for two years after being convicted of conspiracy to defraud and money laundering, was found to have benefitted by £278,821 and was ordered to pay a confiscation order of £31,400.

During their trial the court heard that the mortgage fraud was worth more than £5.5 million and involved more than 35 properties in Ipswich.

The fraud centred on the Foxgrove Gardens development off Foxhall Road, on the former site of Bull Motors.

Sentencing the defendants Judge Goodin said: “This was, on any construction, a massive fraud on lending institutions principally, but also on occasionally the deception of borrowers.”

The court heard more than £5m went through the client account of a solicitors in London, where Seun was a partner.

Fictitious identities were created and documents were forged to obtain the money from lenders.

However some real names were used and borrowers were also deceived as to their borrowing capacity by the inflation of their income or prospects, which were submitted to the lending institutions.

Judge Goodin said they were “stung badly”, and the lenders were “massively defrauded”.

4 comments

  • Benefitted by £1.2M and repays £30K? And they say crime doesn't pay. Jailed for 4 years - no doubt out in 18months - I could do 18 months in jail for £1M+.

    Report this comment

    SteveIpswich

    Wednesday, January 8, 2014

  • So the people involved were...Olayemi, Ajayi, Didi and Mukasa? I see.

    Report this comment

    RC

    Wednesday, January 8, 2014

  • tough on crime tough on the causes of crime dont make me laugh cameron

    Report this comment

    clive

    Wednesday, January 8, 2014

  • Benefitted by £1.2M and repays £30K? And they say crime doesn't pay. Jailed for 4 years - no doubt out in 18months - I could do 18 months in jail for £1M+.

    Report this comment

    SteveIpswich

    Wednesday, January 8, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Myrtle Turner teaches her last fitness class in Saxmundham after 52 years of teaching.

At 86 it’s not unexpected that all the members of Myrtle Turner’s fitness class would be younger than she is – but she is the session leader.

Search being co-ordinated at Jaywick for a missing kayaker

People are being urged to stay safe if they visit the seaside this summer after the death of a canoeist off the coast at Jaywick on Sunday.

The scene of a crash on the A134 near Sudbury

Two pensioners were airlifted to Addenbrooke’s Hospital after a crash in Sudbury left them in a life-threatening condition this afternoon.

East Anglian Air Ambulance

A woman suffered a broken leg after falling from a horse in Santon Downham, near Brandon.

Gemma Edgar and her son Noah with her brother Lee Relf, who has launched into fundraising for the Children's Eye Cancer Charity and is doing a sponsored cycle around Suffolk castles dressed as knights in honour of his nephew.

The uncle of a Colchester boy living with cancer is looking forward to embarking on a Knight Rider Challenge this weekend to raise funds for a charity that supports children with the disease.

Lady Of the Lake Pub

A former soldier who was suffering from post traumatic stress disorder (PTSD) when he punched a Suffolk pub landlord has walked free from court after his victim said he did not want him to go to prison.

A loo with a view in Pakefield

With so much to see and do on the Suffolk coast, a day trip is just never long enough - so why not make a weekend of it? Or even book a week-long holiday?

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24