Nabil Mohammed, 51, of Bibsworth Avenue, Moseley, pleaded guilty to five counts of fraud by false representation at Birmingham Crown Court and was sentenced to four years and nine months in jail.
His saga involved five victims and three properties, one was sold however the other two were repossessed
One of his victims was left penniless after entering a relationship with the fake advisor. She agreed to sell her home in Wiltshire and withdraw a £60,000 bridging loan to purchase a new property with him in Hull. However this transaction was discovered to be a con.
Soon after discovering her new partner was a criminal she lost her home and was forced to move in with relatives.
Amidst their relationship, she also obtained £20,000 in personal loans which were passed over to Mohammed.
PC Matthew Leach from West Midlands Police labelled Mohammed as cruel after he gave no thought to the devastation his actions were causing.
"He conned people, some pensioners, out of thousands of pounds and in at least two cases caused them to lose their homes,” said PC Leach.
"The truly shocking part of his crime is that while he was driven by greed − he ultimately frittered much of what he stole away using online gambling sites.
"These people trusted him with their hard-earned savings, or took out credit agreements on his behalf, only to now end up ruined themselves all so he could have some fun betting online.”
One victim lost his home after he was ‘advised’ to remortgage his home for £96,000 and then found could not make the new repayments.
Mohammed also defrauded two women out of over £50,000 after claiming to be able to help them with their financial troubles.
This case sparked the investigation which eventually lead to his arrest, which comes as a great relief to PC Leach.
"Thankfully he was eventually caught and arrested for his crimes,” said Leach.
"He will now spend four years in jail and will be subject of a Proceeds of Crime Act hearing in an attempt to recover some of that which he so callously took from others."
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