May 25 2013 Latest news:
By Colin Adwent
Friday, August 31, 2012
A SOLICITOR who was one of the UK’s most wanted fraudsters when he jumped crown court bail has been jailed for a multi-million pound scam.
Ajayi Seun was sentenced to four years’ imprisonment for his part in a mortgage fraud worth more than £5.5 million, and involving in excess of 35 Ipswich properties.
Seun, 46, had pleaded guilty to conspiracy to defraud on the day his trial was due to begin, Ipswich Crown Court heard.
However, the alleged main perpetrator of the scam Samuel Ajiboye is currently on the run and is believed to have fled back to Nigeria.
The fraud centred on the Foxgrove Gardens development off Foxhall Road, on the former site of Bull Motors.
Sentencing Seun, of Carshalton, Surrey, Judge David 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 Doves 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”.
He added: “You Ajayi Seun, were a key player in this conspiracy. Samuel Ajiboye was plainly at the centre, pulling the strings, taking - I have no doubt - the lion’s share in terms of profits out of the systematic dishonesty and fraudulent behaviour which characterised this conspiracy from start to finish.”
“He needed a dishonest solicitor to act for the unwitting or fictitious third party purchasers, and he found you.
“You are a disgrace and bring into disrepute your profession.”
Seun had skipped bail for a relatively short period of time, fleeing to Nigeria. In August last year Crimestoppers named him among the top ten most wanted fraudsters. He subsequently returned to England voluntarily to face the fraud charge.
Didi Jordan, 45, of Thornton Heath Surrey, and Janet Mukasa, 49, of Sittingbourne, Kent, were sentenced three years and two years imprisonment respectively after being convicted of conspiracy to defraud and money laundering.