Property empire fake jailed in 7-count mortgage fraud

Property empire fake jailed in 7-count mortgage fraud




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A mortgage criminal has had his appeal rejected by three of the country’s most senior Appeal Court judges after conning lenders out of over half a million pounds, Bolton News reported.

Mark Lloyd, 36, failed to clear his name after fraudulently obtaining mortgages by lying about how much he earned on applications, claiming he was a company boss when he was in fact a van driver earning between £13,000 and £14,000 per year.

The Manchester-based £500,000 con artist has been found guilty of seven counts of obtaining money by deception and was jailed for three-and-a-half years in January, the title stated.

According to the reports, in the court hearing Lord Justice Aikens said Lloyd was able to obtain £516,847 by fabricating his earnings on mortgage applications between 2004 and 2009. The funds enabled him to build up a small property portfolio

Lloyd made the false claims to buy and remortgaging properties in a number of locations in the Manchester area, which he later let out to tenants for profit.

At the Appeal Court in London, Lloyd and his lawyers argued that his January conviction was ‘unsafe’ because of the way the prosecution presented the case, however, this was later dismissed.

Bolton News also reported that Lord Justice Aikens said Lloyd’s convictions were safe and that three-and-a-half years could not be regarded as excessive.

The judge added: “These were matters that were fraudulent from the outset, they were carried out over a significant period of time and were frauds on a large scale.”

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