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Mortgage brokers caught in £3m false passport scam

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  • 13/06/2013
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Mortgage brokers caught in £3m false passport scam
Two mortgage brokers and an estate agent have been found guilty for their part in a £3m fraud.

Eastleigh broker Alex Chiswell, 33, used a false passport, accounts and a bill to obtain loans on behalf of both an unemployed man and a former estate agent, Bournemouth-based John Hudson, 52.

A second broker, Colin Zaczyk, 41, dishonestly gained £156,715 for a property in Eastleigh, the Daily Echo reported.

In total, nine defendants were tried and five were found guilty. The ruling comes at the end of a six-month attempt to try the suspects, during which two trials failed.

Opening the original case, prosecutor David Bartlett had suggested property prices were inflated in order to obtain loans higher than the value of the property. The charges were dated between 2003 and 2006.

In one case, Chiswell helped unemployed Dermot O’Malley-Keyes, 61, to obtain a £232,732 mortgage for a flat in the popular Bournemouth neighbourhood of East Cliff.

He also helped the man’s wife, part-time worked Madeleine O’Malley-Keyes, 60, to dishonestly obtain two mortgages. In one case the fraudsters used a false letter about a bogus pension entitlement.

The jury returned not guilty verdicts for Alex Chiswell on four charges and Colin Zaczyk on three charges.

Robert Baird, James Douglas Wooldridge, Paul Morgan and Lee Smith were all found not guilty of any offences.

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