A "sophisticated" fraudster who headed up a criminal gang has been jailed for seven years for defrauding high street banks out of almost £8m through multiple fraudulent mortgage applications.
Mohammed Asif Younas (pictured), 50, was sentenced at Southwark Crown Court to seven years' imprisonment for conspiracy to defraud and four-and-a-half years for conspiracy to money launder, to run concurrently, after pleading guilty to the charges. Younas operated under the alias Mahmood Ali and was director of bogus Essex-based firm Montague Mason Solicitors. He submitted false paperwork to Birmingham Midshires and Abbey banks in connection with 33 fraudulent mortgage applications in a two month period between October and December 2008. Gang members identified suitable properties ...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.