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Mortgage fraudsters lodge appeal against judgments

A group of mortgage fraudsters imprisoned last year for their roles in a £6m mortgage fraud have appealed against their sentences.

Antony Lowry-Huws and Sheila Rose Whalley were jailed for seven and six years respectively in September last year after a judge at Mold Crown Court, North Wales found them guilty of fraudulently amassing a “substantial property portfolio”.

Both were also banned from holding directorships for 10 years each.

While Lowry-Huws’ appeal for a reduction in sentence was rejected by the Court of Appeal, Whalley had her sentence reduced from six to five years.

Susan Lowry-Huws, wife of Antony, was sentenced to a 24-month suspended sentence for her role on “the fringes” of the fraud, while conveyancer Nicholas Jones and surveyor Frank Darlington were sentenced to four years imprisonment each.

All three have all appealed against their convictions. The cases are ongoing.

North Wales Police said their investigation into the fraud, which lasted five years, uncovered the largest fraud ever investigated by the police force in terms of “value, complexity and substantiality”.

The fraud itself involved inflating property values, hiding the fact that no deposit was paid and inflating the rental income potential of each property.

In some cases, flats on which mortgages were advanced did not even exist.

While the prosecution put the value of the fraud at between £15m-£24m, HHJ Rowlands said the sentences were based on the £6m put forward by the defence.

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  • Charles Evans 17th September 2014 at 4:05 pm

    They have a point. A certain Mr Diamond has vanished without any reference to his role in the libor rate scandal, which caused ruin for many