You are here: Home - News -

Fraudster jailed after running mortgage and property scam

by:
  • 08/11/2018
  • 0
Fraudster jailed after running mortgage and property scam
A fraudster from Cheshire has been jailed for almost four years after running a mortgage and property scam that targeted vulnerable victims.

 

Jonathon Mark Turner-Miller set up a rent-to-buy scheme which claimed to get mortgages for borrowers with a deposit of 5%.

The 63-year-old advertised the scheme as government-backed, promising to help customers get the home of their dreams.

He said the 5% deposit would be returned to prospective borrowers after the property had completed.

But in reality, Turner-Miller kept the money and used to it to fund his lifestyle, North Yorkshire Police said.

After a complaint, it was found the con-artist had scammed 11 victims between 2011 and 2014, all of whom had lost a significant amount of money.

 

Extremley great harm

Turner-Miller pleaded guilty to fraud at Teeside Crown Court and was this week sentenced to three years and nine months in prison.

Judge Ashurst said the level of harm this fraud had caused was extremely great and had adversely affected the financial and emotional state of each victim.

Many of those tricked are still suffering the effects of their financial loss and will feel the effects for years to come, the judge added.

Investigating officer for North Yorkshire Police, DC Gary SmithOwen said: “This has been a lengthy and meticulous investigation which started back in 2014, so we are pleased with the sentence that was returned by the court.

“I hope this sends out a strong message to those who think they can con people out of their hard-earned savings and take advantage of people’s aspirations, if you are suspected of committing fraud, police will turn over every stone and analyse every detail of your business, in order to protect the vulnerable.

“To those who think they have been a victim of fraud my message is to please contact Action Fraud at the earliest convenience and report the crime. Contact them on on 0300 123 2040.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
House prices, demand and supply slipping nationally – Rics

House prices, demand and supply of property are all slipping as concerns over Brexit and the wider economy continue to...

Close