Fraudster pockets £9m from mortgage lenders

Fraudster pockets £9m from mortgage lenders


In the largest ever confiscation by Kent Police to date, a convicted mortgage fraudster has been ordered to repay over £9 million, according to a report by Kent Online

After pleading guilty to mortgage fraud in September 2010, Jean-Paul Bestel, 49, who owns a portfolio of around 70 properties, was sentenced to three years imprisonment in March 2011.Kent Police, under The Proceeds of Crime Act, have now ordered Bestel, now released from his sentence, to pay £9,427,123 at Maidstone Crown Court after it was found that he benefitted from his criminality by this amount.

Bestel has six months to pay the full sum or he will serve a further ten years in jail, Kent Police confirmed.  

Commenting on the case, Detective Inspector Mark Fairhurst, said: "This demonstrates the committed approach of the Kent and Essex Serious Crime Directorate in ensuring criminals do not benefit from the proceeds of their criminality.

"Offenders will be pursued even when released from prison to ensure their assets are taken from them."

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