Financial services firm exposed for scams of £23 million

Financial services firm exposed for scams of £23 million



798_2022-05-03-11-01-31am.gif
.

An illegal financial services operation has been uncovered after the company director tried to launder £1.5 million of fraudulent money through the purchase of a manor house in Northamptonshire.

Eric Fitzpatrick Danison, also known as Patrick Danison, has been jailed for 11 years after detectives uncovered around £23 million worth of scams, the Yorkshire Post reports.
Danison built a successful career posing as a businessman, directing a financial services company called Amkel Capital based in Canary Wharf.
The conman ran a series of fake property and investment firms through which he defrauded investors across the UK and the US into investing their money. He claimed he could provide access to credit in exchange for advance fees.
The revenue raised was hidden behind Amkel and diverted to Swiss bank accounts.  North Yorkshire Police started tracking Danison after he conned a Harrogate man into ‘investing’ £60,000.
The fraud triggered a two and half year investigation that saw expert fraud detectives and police from the West Midlands and North Yorkshire come together.
In Birmingham Crown Court, Danison pleaded guilty to numerous accounts of fraud. As well as the 11 year custodial sentence, Danison was given a Serious Crime Prevention Order (SCPO), issued for 15 years, which severely limits the amount of business activity he can carry out once free from prison.
Det Sg David Treacy, from West Midlands Police said: “We arrested Danison before he had an opportunity to spend his ill-gotten gains. We will also seek to compensate all of his victims.”
A police spokesman said the businessman's activities not only affected those in North Yorkshire, adding: "Danison is a conman who operated on a truly international scale."

Leave a comment