Buy-to-let fraudsters appear in court
- 27th October 2009
- Buy-To-Let Property News
Three men appear in court following allegations of a £1million Buy-to-let fraud that lasted for over 4 years.
The three men are accused of misleading buy-to-let investors, advertising homes in Burnley and Pendle at inflated prices.
They are also said to have promised refurbishments that never materialised, and falsely guaranteed tenants.
The fraud involves 23 victims, including some from Southern England.
Included in the three charged is Raymond Harold Aramson, 66, of Bury, reported to be a bankrupt.
Mark Lenton Jopson, 49, and John Edwards, 41, are also charged with consipracy to defraud, and aiding and abetting an undischarged bankrupt.
Stephen Ludlow of ludlowthompson, LONDON'S LETTING AGENT comments: "This recent case highlight the issue that there are still illegal schemes operating, seeking to defraud less-experienced buy-to-let landlords. Landlords do not need such 'outfits' for buy-to-let. Choosing a reputable ARLA letting agent who deals with buy-to-let transactions on a regular basis is all a landlord needs to do to gain the advise needed to make an informed decision."
The men appeared in court Tuesday 27th October.
Landlords do not need such 'outfits' for buy-to-let.
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