Partly Cloudy

Partly Cloudy

max temp: 4°C

min temp: 3°C

Search

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.

shares

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”.

shares

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

A male cyclist has suffered a serious leg injury after being involved in a collision with a car in Ipswich this evening.

Firefighters at the scene of the blaze in Station Yard, Needham Market

The blaze is believed to have been in a storage unit

Poilce investigation work at the scene of the accident on the A12 at Martlesham Heath.

A toddler is fighting for their life in hospital after they were involved in a two-vehicle crash.

Wymondham Police Investigation Centre (PIC)

An Ipswich man has been charged with murder following a stabbing in Great Yarmouth.

The scene in Back Hamlet, Ipswich

Back Hamlet in Ipswich has reopened after what was described as an “unexploded grenade” was found.

Comedian Stewart Francis

“Nine of diamonds. Sorry, my mind is playing tricks with me.”

A model of Hogwarts Castle used in the filming of the Harry Potter films. Photo: Andrew Matthews/PA Wire

Suffolk has featured in various films and TV shows over the years – but often it is well hidden or shown only briefly.

Sir Bob Russell meets with Paul Geater.

A fortnight ago in my column I was discussing the importance (or not) of car parking prices in attracting visitors to a town for a shopping trip or general day out.

The A12 as it approaches the Copdock roundabout.

One lane is blocked on the A12 at Copdock after a multi-vehicle crash.

Ipswich Park and Ride. Martlesham.

Hopes are rising that the park and ride service will be saved after talks between Suffolk County Council and the Ipswich Vision board.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24