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White van scam; delivery driver in £500k mortgage fraud
A van driver who built a property empire by cheating lenders out of over £500,000 has failed in his bid to overturn a three-and-a-half year prison sentence.
Mark Lloyd of Walkden, Manchester lied about his occupation and income when applying for several mortgages between 2004 and 2009, the Lancashire Telegraph reported.
The scammer pretended to be a company boss in order to fraudulently borrow £516,847 from high street lenders over the five year spell. During this time he was unemployed, then later worked as a van driver earning around £14,000 a year.
Lloyd, 36, was sentenced to three-and-a-half years in prison earlier this year on seven counts of obtaining money by deception.
He subsequently appealed the decision, but that challenge was quashed at the Criminal Appeal Court in London yesterday. The court said the verdict stood and that the length of sentence was suitable for the scale of the crime.
Lord Justice Aikens commented: “These were matters that were fraudulent from the outset, they were carried out over a significant period of time and were frauds on a large scale.”
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