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Two men jailed for mortgage fraud

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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  • antony james 20th April 2012 at 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 Mortgage Next so that he can cover up his previous bankruptcies. What does that say about 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

  • Jonathan Burridge 20th April 2012 at 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.

  • Afro haired broker 19th April 2012 at 1:34 pm

    Alot of these fraudulent brokers tend to come form 2 distinct parts of the world – can anyone guess where without clues?

  • mohan chudha 19th April 2012 at 10:57 am

    Jail sentences are not enough; fraudesters should have all their assets seized and all future earnings taxed until victim is fully compensated. That would be a better deterant.

    Family Care Financial Charity – fighting injustice

  • john smith 19th April 2012 at 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.

  • Steve 19th April 2012 at 9:56 am

    Once again good riddance