Five sentenced for mortgage fraud - Herts

24/01/2014

Five people were sentenced at St Albans Crown Court yesterday, Thursday, 24 January 2014, in a mortgage fraud case.

The five, including corrupt mortgage broker Deborah Rothschild, were involved in a complicated conspiracy to acquire properties using various fraudulent means.

All five had pleaded guilty at earlier hearings to fraud offences, mostly of committing fraud by false representation. Yesterday three were sentenced by Judge Bright QC at St Albans Crown Court to prison and others to suspended sentences. 

Stephen Yaxley Lennon, aged 31, from Bedfordshire, pleaded guilty to two counts of conspiracy to commit fraud by misrepresentation and was sentenced to eighteen months in prison.

Steven Vowles, aged 26, of Heron Drive, Luton, pleaded guilty to committing fraud by false representation and transferring criminal property.  He had also earlier pleaded guilty to possession of cocaine and being concerned in the supply of class A drugs.  He was sentenced to six months imprisonment for the fraud offences and 21 months for the drugs offences,  making a total of 27 months imprisonment.

Anjee Darcy, aged 31, of Hardwick Green, Luton, pleaded guilty to conspiracy to commit fraud by false representation, false accounting and fraud by false  representation. She was sentenced to 15 months imprisonment suspended for 18 months,  and ordered to complete 200 hours of unpaid work.

Mortgage broker,  Deborah Rothschild, aged 42, Park Road, Toddington, pleaded guilty to four counts of committing fraud by false representation. She was sentenced to 18 months imprisonment for her part in facilitating the fraudulent mortgages.

Lisa Moore, aged 27, of Newbury Close Silsoe, pleaded guilty to conspiracy to commit fraud by false representation. She was sentenced to six months imprisonment suspended for 18 months, ordered to complete 100 hours of unpaid work, and pay £1500 costs. 

Other charges were ordered to lie on file. Charges of cheating the revenue against Lennon and his wife were not proceeded with through the criminal justice system. This will now be handled by HM Revenue and Customs to pursue through civil processes.

On 26 January 2009, a bungalow at Bletchley owned by Lennon was sold to Anjee Darcy, who on the same day used the bungalow as a deposit to buy a £500,000 house in Watford. She could only afford the mortgage by using a fraudulent application to The Abbey facilitated by Rothschild. Darcy and Rothschild used false pay slips to support the application.

Further associate members of the group went on to purchase properties with deposits on occasions provided by Lennon and with mortgages fraudulently brokered by Rothschild.

The defendants have assets already under restraint by the courts and now the Crown will proceed with confiscation applications under the Proceeds of Crime Act. This means assets and money gained by criminal means can be taken by the state and returned to the taxpayer.