Seven Sentenced for £125k Car Finance Fraud
Two men have been jailed and five handed
suspended sentences at Stoke-On-Trent Crown Court on Friday for
their involvement in a car finance fraud scheme worth £125,000.
Over a three-year period the seven men netted
finance worth £104,765 on six vehicles including a Jaguar, a
Mercedes-Benz and two Kia 4x4s.
Go deeper with GlobalData
Two of the seven, Christopher Lea, aged 42,
and his stepson Matthew Lea, aged 23, both from Stoke-on-Trent also
acquired £19,690 in personal loans obtained using false documents.
The pair conspired to convert the finance on the vehicles –
a process highlighted by the Finance & Leasing Association
during Car Crime Awareness Week – and launder the proceeds
before fleeing to Spain.
Using false documents Christopher Lea secured
a hire purchase agreement worth £15,168 on an X-Type Jaguar in
November 2005 on which he repaid £5,780 before fleeing to Spain. In
February 2007 he used false wage slips and a bank account
registered to Matthew Lea to raise £15,000 from a finance company
for a Mercedes-Benz. Only £1,287 of the £21,930 owed was
repaid.
Jonathan Challinor, prosecuting, said the five
other defendants then became involved in obtaining fraudulent
finance worth a total of between £69,495 and £93,147.
Sentencing
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataChristopher Lea was jailed for 23 months and Matthew Lea to 15
months after both admitted five counts of conspiracy to defraud,
conspiracy to convert or transfer criminal property, and handling
stolen goods.
Darren Frost (43), of Stoke-on-Trent, was sentenced to three
months’ imprisonment, suspended for 18 months and given a 12 month
supervision order after admitting conspiracy to convert or transfer
criminal property.
Darren Harrison (37), of Madeley, was sentenced to six months’
imprisonment, suspended for 18 months and ordered to carry out 200
hours of unpaid work, after admitting conspiracy to convert or
transfer criminal property.
Lee Orme (39), of Stoke-on-Trent, admitted two counts of
conspiracy to defraud and was sentenced to six months’
imprisonment, suspended for 18 months and ordered to carry out 160
hours of unpaid work.
Jonathan Bowden (39), of Silverdale, Newcastle-under-Lyme,
admitted fraud and was sentenced to three months’ imprisonment,
suspended for 18 months and ordered to carry out 200 hours of
unpaid work.
William North (63), from Menzies in Dundee, admitted fraud and
was sentenced to eight months’ imprisonment, suspended for 18
months and given a 12-month supervision order.
A full interview with DCI Mark Hooper of ACPO’s Vehicle
Crime Intelligence Service will be published in
April’s issue of
Motor Finance
magazine.
richard.brown@vrlfinancialnews.com
