Former police officer Antony Lowry-Huws, 68, of Kimnel Bay and ex-property speculator Sheila Whalley, 70, of Abergale, were jailed in 2013 after they were found to have tricked lenders by inflating the value of properties in their portfolio and completing secured mortgages on properties which did not exist.
Lowry-Huws’ wife, Susan, who was handed a suspended prison sentence at the time, was ordered to pay back the largest sum of £75,790, after profiting £896,351 from the fraud, Mold Crown Court heard on Monday, the BBC reported.
Antony Lowry-Huws and Whalley were said to have made £4m each from the scam, with Lowry-Huws ordered to pay back £27,905 and Whalley £18,350.
The fraudulent activity was carried out between 2003 and 2008, and involved two others who were also sentenced for their involvement in 2013, with jail time totalling 21 years.
The case took five years to investigate under an operation created to investigate more than 1,000 mortgages made in the run up to the financial crisis. Handing down the sentence at the time, Judge Rhys Rowland described the scam as “breathtaking”.
