FORMER POLICE OFFICER JAILED FOR MASSIVE MORTGAGE FRAUD – It was one of England’s biggest ever mortgage frauds consisting of over 1,000 bogus mortgage applications that netted the gang, led by former police officer Antony Lowry-Huws, some £50 million.
The fraud was set up with five key players, the gang leader Antony Lowry-Huws, wife Susan Lowry-Huws, business partner Sheila Walley, solicitor Nicholas Jones and surveyor Frank Darlington.
Left: Former Police Officer Antony Lowry-Huws | Right: Business Partner Sheila Walley
The rues was simply enough; the five colluded to apply for mortgages on properties that did not exist, false valuations on properties that did exist and fraudulent paperwork showing rent, income and bank deposit on bogus properties.
Antony Lowry-Huws, the former police officer, was jailed for 7 years whilst his business partner Shelia Walley and his wife Susan Lowry-Huws were both given a 12 month two year suspended sentence. Other gang members, solicitor Nicholas Jones and surveyor Frank Darlington were both sentenced to 4 years imprisonment.
Left: Solicitor Nicholas Jones | Right: Surveyor Frank Darlington
Specialist fraud prosecutor for the Crown Prosecution Service, Elspeth Pringle, told the court that the sheer scale, duration and sophistication of this fraud clearly demonstrated criminal behaviour and it’s most devious. Elspeth Pringle went on to say that the five were motivated by nothing more than greed and would do anything to deceive mortgage lenders.
Police in North Wales stated that this is the largest case of mortgage fraud they had ever investigated and it was not only substantial, in terms of the vast amounts of money involved, but was also highly complex in nature.