Missing Madeleine
Come join us...there's more inside you cannot see as a guest!

Gang Made Millions 'Stealing Homes From OAPs'

View previous topic View next topic Go down

Gang Made Millions 'Stealing Homes From OAPs'

Post  AnnaEsse on Fri 2 Mar - 13:30

http://news.sky.com/home/uk-news/article/16180831

A solicitor, a bank manager and a land registry official helped a criminal gang make millions of pounds by effectively stealing people's homes.

The trio were recruited by drug traffickers to fool developers into buying the properties at knock-down prices.

In an extraordinary conspiracy the gang identified homes that were neglected or abandoned, their owners dead, or in care

Then they erected an official-looking board in the garden, with the name of a bogus security firm.

On it was a mobile phone number, inviting calls from anyone with an interest in the house.

If no-one called, they boarded it up, changed the locks and went ahead and sold the property.

They made at least £3.8m, but it may have been much more.

The three professionals and gang members are being sentenced after being convicted of fraud and money-laundering offences

Surjeet Chana, a 64-year-old grandmother, worked in customer services at the Land Registry headquarters.

She supplied title deeds and owners' signatures so they could be forged.

Police found £38,000 hidden in the loft of her home in South London.

Solicitor Charles Spiropoulos, 48, did the conveyancing and collected money from the illegal house sales.

Bank manager Indipaul Sra, 42, let the gang move their huge profits in and out of accounts without reporting it to money-laundering investigators.

At times conspirators removed £100,000 cash in holdalls from his branch of Barclays in Purley, South London.

Det Ch Insp Jonathan Benton, of Scotland Yard’s Economic and Specialist Crime Command, said: "They were targeting often old and vulnerable people and literally stealing their homes, as well as flooding London streets with dangerous drugs.

And they corrupted three officials, whose roles were crucial in making the fraud work."

The gang sold at least seven homes - the cheapest around £200,000 - usually in quick sales to unsuspecting developers who later discovered they were not the real owners.

Its leaders were cocaine traffickers Billy Sales, 32, and James Arthur, 34, who are already serving long sentences for their drugs offences.

They began to launder their drugs money through their barbers shop in Whyteleafe, Surrey, but when profits soared they began the property scam.

The gang were originally investigated for drugs by Scotland Yard's elite Special Projects Team, but evidence of the house fraud soon emerged.

Sales was overheard boasting to one associate: "I am caning the life out of this. No house is safe with me about."

_________________________________________________________________________________________________
"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

AnnaEsse
Administrator
Administrator

Female
Number of posts : 18459
Age : 105
Location : Casa Nostra
Warning :
0 / 1000 / 100

Registration date : 2009-09-23

http://frommybigdesk.blogspot.com/

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum