Two men jailed for mortgage fraud
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Two Slough men have been jailed for a total of twelve and a half years after being found guilty of multiple mortgage frauds.
Tahir Malik, aged 44, from Wexham Road, and Patrick Kamande, aged 34, from Trent Road, were sentenced to six and a half years and six years respectively at Reading Crown Court on April 13.
Mary Kimani, aged 30, from Elliman Avenue, Slough received a 10 month sentence which was suspended for 18 months in relation to one joint offence only.
Malik was a mortgage broker and ran a business in Farnham Road, Slough, called Enterprise Mortgage Solutions.
He pleaded guilty to obtaining services by deception in 2004 and two counts of fraud relating to personal house purchases in 2007 and 2008.
He also admitted three offences of obtaining a money transfer by deception and five of fraud which also involved Kamande and one which also involved Kimani between 2005 and 2009.
These offences concerned the purchase by Kamande of properties on mortgages brokered by Malik.
Two of these were made under a false name and were later sold to Kamande and his wife Kimani. Another three fraud offences involved the attempted purchases using other false names.
Kamande and Kimani were found guilty on February 15 of all the offences.
Det Sgt Nick Bell from the Thames Valley Police Economic Crime Unit, says: “This was a complex mortgage fraud case involving numerous mortgages and false identities. Det Con Pete Nicholson did a fantastic job carrying out a thorough investigation. We are very pleased with the substantial sentences given to Malik and Kamande.”
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Readers' comments (3)
Anonymous | 19 Apr 2012 10:35 am
lets hope the police are able to repossess the houses in question and retrieve monies. still beggars belief how mortgage advisers believe they can get away fraud on any case nevermind ones involving their own purchases.
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Jonathan Burridge | 20 Apr 2012 9:06 am
Oh look. Another press release showing that another sole trader (/) is convicted of fraud.......See my comments on John Maloney's blog.
I expect we will see another story along these lines next week.
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Anonymous | 20 Apr 2012 11:11 am
i was reading an article elsewhere about the same story and read that the broker used a false name to become an appointed rep of a network so that he can cover up his previous bankruptcies. What does that say about the network's due dilligence in appointing him. failure of the lender too for not picking up on all these cases. the broker's sentence is a huge one, all you brokers be warned
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