Eight men charged with their involvement in mortgage loan frauds worth more than £30 million from financial institutions entered their pleas yesterday, reported the Windsor Express.
Appearing at Reading Crown Court, they all faced varying numbers of charges of conspiracy to defraud, conspiracy to commit fraud by false representation, conspiracy to commit corruption and conspiracy to commit money laundering, according to a Thames Valley press release last November.
Mark Entwistle, aged 45, from Kings Road, Windsor; Jonathon Gilbert, aged 42, from Meliden Road, Penarth, Wales; Matthew Robinson, aged 37, who’s address has been withheld on order of the court; Philip Barker, aged 44, from Oatlands Drive, Harrogate; Nicholas Pomroy, aged 55, from Heath End Road, Baughurst, Tadley; Shon Williams, aged 45, from Nightingale Close, East Grinstead; George Tilemachou, aged 52, from Oatlands Chase, Weybridge; and Demi Charalambous, aged 28, from Oatlands Chase, Weybridge, were all released on conditional court bail after they appeared in court, stated the press release.
Mark Entwistle, 45, of Kings Road, had been charged with 23 counts of conspiracy to defraud and conspiracy to commit fraud by false representation. He also faced one charge of conspiracy to commit money laundering and one of conspiracy to commit corruption.
Also entering a plea was George Tilemachou, 52, formerly of Thames Street, who had been charged with one offence of conspiracy to commit fraud by false representation.
They are in relation to allegations made by the Royal Bank of Scotland and other lenders who claim mortgage loans were fraudulently obtained to the value of over £30 million.
In November, the Windsor Express publication reported that a number of the defendants had been charged by the police’s economic crime unit.
The crown claims the eight garnered large sums of cash through fraudulent mortgage applications and then used the money for other means.
All appeared for a plea and case management hearing and were on conditional bail. However, we have not yet heard the result of this case – we shall keep you posted as and when we do.
Tags: mortgage loan frauds