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| Guilty: Syed Shah was jailed for five years and eight months |
UK - A religious teacher who managed to amass a portfolio of ten properties using £1.7million of fraudulently-obtained mortgages has been jailed. Syed Shah, 45, paid just £24.60 in income tax over a five year period and also claimed benefits despite developing his impressive array of properties, costing the lenders he duped around £450,000. The dad-of-six from Bradford created a series of bogus identities and even invented a job for himself - saying he worked at a school which was in fact derelict - to get financial support. Jonathan Sharp, prosecuting, told Leeds Crown Court on Thursday that Shah had benefited from his underhand plan to the tune of £391,000. Mr Sharp said Shah had also gone to some length to establish false employers references and had backed up his various aliases with false identification documents, including passports, with bank accounts opened in the appropriate names. Full Story>>
Muslim teacher who amassed £1.7m property portfolio using fraudulent mortgage claims while receiving benefits is jailed http://www.dailymail.co.uk/news/article-1358556/Muslim-amassed-1-7m-property-portfolio-using-fraudulent-mortgage-claims-jailed.html
