Fraudster used fake IDs for loan and mortgage
EX-FINANCIAL ADVISER HAD PREVIOUSLY BEEN JAILED
A FRAUDSTER who secured a £200,000 mortgage using fake IDs and documents has been jailed.
Cindy Brad, of Melton, had been jailed in 2009 after she was convicted of stealing from clients she was acting as financial adviser for.
The 18-month jail term was accompanied by a 10-year ban from being a company director.
However, Brad returned to her criminal ways after she was released, using a number of identities to hide her past.
Her activities included using one fake ID to supply false banking documents to secure a £200,000 mortgage, before defaulting on the repayments.
Brad also incorporated several companies to enable her to act as a financial adviser – in breach of her disqualification order.
She also made a fraudulent £100,000 loan application using false documents on behalf of Selvi Civi, a Hertfordshire woman who aided her dealings.
Brad made false representations to disclosure barring agencies in England and Wales and Scotland in a bid to secure certificates to allow her to become an authorised worker for financial companies.
However, the pair were caught and Brad and Civi appeared before Leicester Crown Court this month.
Brad, 52, pleaded guilty to four counts of fraud by false representation and two counts of acting in breach of a disqualification order.
She was handed a threeyear jail term and given a 15-year disqualification from being a company director.
Civi, who pleaded guilty to two counts of fraud by false representation, was given a four-month jail term, suspended for two years. Speaking after sentencing, Glen Wicks, the Insolvency Service’s chief inspector, said the service would now aim to recover the pair’s ill-gotten gains. “Despite having already served time for similar offences, this did not deter Cindy Brad, and the convicted fraudster continued to apply for substantial loans worth thousands of pounds, using a variety of false documents and fake identities. “Thanks to the joint work between the Insolvency Service, the police and other government agencies, we were able to uncover Cindy Brad’s duplicitous activities.
“The courts recognised the severity of her actions and her three-year sentence should serve as a warning that we will use the full extent of the law to investigate and prosecute fraudsters.”
Despite having already served time for similar offences, this did not deter Cindy Brad Glen Wicks, Insolvency Service