Mort­gage bro­ker’s fraud to build his £1m dream home

North Wales Weekly News - - WRITTEN BY YOU - BY EL­WYN ROBERTS

AFORMER award-win­ning mort­gage bro­ker who set out to build a £1m dream home for him­self and his fam­ily was spared im­me­di­ate im­pris­on­ment af­ter he ad­mit­ted fraud and false rep­re­sen­ta­tion.

Mar­cus Copeland, 44, in­flated his in­come to ob­tain mort­gages to build the house and used the same sys­tem to ob­tain mort­gages for some of his clients, Mold Crown Court was told.

Copeland, of Pen­ty­wyn Heights, De­ganwy, ad­mit­ted five charges of ob­tain­ing a money trans­fer for clients by de­cep­tion – get­ting them mort­gages by claim­ing that they earned more than they did.

He also ad­mit­ted two charges of fraud in­volv­ing mort­gages for him­self – one by falsely claim­ing his net profit was higher than it was, and another by falsely claim­ing he had an in­come of £148,500.

In 2007 Copeland, who ran Copeland Mort­gage Ser­vices at Prestatyn, was named best mort­gage bro­ker in the Mid­lands and Wales.

He had since lost his busi­ness, his rep­u­ta­tion, and while he and his wife still live un­der the same roof they have sep­a­rated and she had re­turned to her for­mer job as a spe­cial­ist nurse.

De­fence bar­ris­ter Jonathan Austin said his client ob­tained the mort­gages for him­self to build a dream home for his young fam­ily. He said a pro­posed fi­nan­cial in­ves­ti­ga­tion un­der The Pro­ceeds of Crime would be the fi­nal nail in the cof­fin for him fi­nan­cially. A fi­nan­cial hear­ing willl be held in Jan­uary.

The judge, Mrr Recorder Gregg Bull QC, im­pos­ing an 18-month prison sen­tence sus­pended for two years, said: “That be­hav­iour was thor­oughly dis­hon­est, bu­tut I don’t think you re­alalised how dis­hon­est st was.”

The judge ac­cepted that he was try­ing to help peo­ple des­per­ate to ob­tain mort­gages, but in some ap­pli­ca­tions he pro­vided false wage slips on which fi­nan­cial in­sti­tu­tions re­lied.

The of­fences came to light in 2012, an in­ves­ti­ga­tion took two years to com­plete and the judge said he ac­cepted that dur­ing that

it pe­rio pe­riod his health had dete de­te­ri­o­rated – he now su suf­fered psy­cho­log­i­cal an and phys­i­cal prob­lem lems.

Mr Austin said his cli client had lost ev­eryth thing. “It af­fected his re re­la­tion­ship with his wi wife, he has lost his pro pro­fes­sion, and de­spite ever ev­ery­thing so gen­er­ously said about him in ref­er­ences be­fore the court he had lost his rep­u­ta­tion which was pre­cious to him,” he said.

It was his case that his clients ap­pre­ci­ated he was in­flat­ing their in­come. Mr Austin stressed the loss, or even po­ten­tial loss, had been min­i­mal and all the mort­gages had been af­ford­able and the re­pay­ments had been met in full.

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