£2.5m mortgage fraudster ordered to repay £110,000

A property buyer convicted for his role in a £2.5m mortgage fraud has been ordered to pay £110,690 under the Proceeds of Crime Act.

Jason Omar, 43, was sentenced to two and a half years imprisonment last April, after Teesside Crown Court found him guilty of using fraudulent methods to obtain £2.5m in mortgage finance to purchase properties in Middlesbrough worth around £1.5m.

Omar was found to have lied about the level and source of his own income, as well as lying about the purchase price of the properties in question.

He also lied about the nature of his business and denied knowledge of previous convictions against him.

Teesside Crown Court has now ordered Omar to repay the sum of £110,690 within six months or warned that he faces another two years in prison.

Prosecutor Simon Myers says: “These offences were fraudulent from the outset. They were carried out over a significant period of time and there were multiple frauds.”

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  • beingDUN 13th September 2014 at 12:10 am

    TRUE meaning pay 110k AND KEEP QUIET? don’t mention the mortgage company or the lawyers and we all be OK?
    Normal pracitice.
    Fact 2.5 yrs is appx 13months

  • Steven Balmer 9th September 2014 at 12:49 pm

    He got 2 and a half years first, then the proceeds of crime claim.

  • brian weatherley 9th September 2014 at 10:36 am

    Why £110,690 only?