You are here: Home - News -

Ex-Virgin pilot jailed for £30m mortgage fraud ordered to repay £1

by:
  • 07/07/2015
  • 0
A former Virgin Atlantic pilot who was jailed for 14 years after masterminding a £30m mortgage fraud was ordered to repay just £1 by Southwark Crown Court on Thursday.

Mark Entwistle, 48, was imprisoned last year for recruiting corrupt solicitors and accountants to approve scores of false loan applications by posing as a successful property developer in Windsor, Berkshire between 2005 and 2009.

Entwistle hired solicitor Jonathan Gilbert, 45, and mortgage brokers Nicholas Pomroy, 58, and Matthew Robinson, 40, to process the frauds, while tricking around 14 banks and lenders into issuing mortgages on other people’s houses. Alongside Entwistle, the men were jailed for a total of 34 years, the Daily Mail wrote at the time.

According to a report on getreading.co.uk, on Thursday July 2, Southwark Crown Court ordered Robinson to repay more than £850,000, or face a further six years in prison on top of his five year sentence.

The court heard at an earlier hearing that Entwistle was ordered to pay just £1 after prosecutors failed to find any assets. Lenders have so far netted a total of £17,798,939 loss in just over four years from the £30m mortgage scam.

The ex-pilot used the large sums of cash from the mortgage scam to fund his extravagant lifestyle, spending vast amounts of cash on gambling website Betfair and betting on the tables in Las Vegas where he held a platinum membership at both Bellagio’s and Caesar’s Palace.

There are 0 Comment(s)

You may also be interested in