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Welsh mortgage adviser jailed over cocaine operation

  • 31/08/2017
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Welsh mortgage adviser jailed over cocaine operation
A Welsh mortgage adviser who paid for a minibus used for cocaine dealing has been jailed for three and a half years.

Steven Budgen, from Prestatyn, paid £30,000 to buy the minibus, which was used by a drug dealer, the Daily Post reports.

The court heard that Budgen was addicted to cocaine himself, and provided cash for the drugs as well as knowing where to source them.

Budgen had worked his way up from being a bank tea boy to a mortgage adviser with his own business, according to the paper.

Budgen’s Facebook profile shows he ran a whole of market mortgage brokerage – and was well-reviewed by clients. “Fantastic knowledge, got me the best mortgage to tailor my needs. Very professional. Fast, proactive, would definitely recommend to others,” said one.

Judge Niclas Parry said Budgen risked his successful career and good family life to make money through the sale of drugs.

“For no other reason than sheer greed, and a desire to make what you considered to be utterly easy and significant money, you were prepared to risk everything,” he said.

“You have built a successful career starting literally from the bottom of the ladder and became a successful financial adviser – an achievement in your career which you have now utterly ruined.”

While Budgen did not personally sell drugs and did attempt to end the arrangement, the court found that he had played a significant role.

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