Sunday, January 10, 2010

What on earth is going on?

This is an absolute sham. Remember the £19,000,000 fraud case in which Persimmon Homes were found to have been instrumental? Well read this latest episode and prepared to be shocked. The seven men who had all been fingered as being guilty by the crooked accountant, all walked away free? The guilty accountant who admitted that he was guilty and didn't hide from the police what had been going on, was spared prison and given a couple of hundred hours community work? The mastermind behind it all is still on the run in a foreign country? And Persimmon Homes, the developer who was found to have been instrumental in all of this fraud on a multi million pound scale, still have not been investigated?

The crime has been committed, the police know that it has, they know who has done it yet despite knowing it and despite knowing that a thorough investigation of Persimmon Homes would shed even more light on things, nothing has been done by the Police or the courts or even by the Labour MP for the area who I believe was informed, some months ago, of what has taken place.

This is an absolute disgrace.

January 04, 2010


A crooked chartered accountant who helped pull off a multi-million pound mortgage con was spared jail today (Mon).

Stuart Joseph, 63, was paid £100 a time to rubber stamp false financial records for clients he had never even met to ensure they would be granted mortgages.
Over seven years the accountant repeatedly helped brokers secure loans from high street lenders by providing false applicant details.

Joseph was caught out following an investigation into a £19million scam which involved the purchase of a block of new flats from Persimmon Homes, one of Britain's biggest homebuilders, before selling them on at huge mark-ups.

It was claimed he was approached by a group of white collar professionals and paid to help them make doshonest mortgage applications.

Joseph admitted his role to police but in November last year seven men accused of the swindle were cleared of any wrongdoing.

He admitted seven counts of false accounting and asked for another 32 similar offences to be taken into consideration against him at Southwark Crown Court.
Richard Mandel QC, prosecuting, said: 'This is something, if you look at it with the other offences to be taken into consideration, Mr Joseph did on a regular basis, starting from 2000 and carrying on well into the middle of 2007.'

Following his arrest in May 2007, Joseph told police he had nothing to do with the conspiracy to defraud mortgage lenders.
'He said what he had done was to provide either certificates or accounts but only in terms of information he had been given by brokers which he believed to be true.
'The only flaw he would acknowledge was that he had failed in his duty of due diligence.'

Joseph signed a deal with police to get a reduced sentence if he gave evidence against seven other men accused of the con.

But following a lengthy trial estate agent Mohammed Barrie, 39, brother Muctaru, 29, mortgage valuers Brad Fisher, 44, George Sourou, 43, and Sofiya Ahmed, 28, accountant Dean Dairo, 48, and solicitor Okwuchukwu Izuchukwu, 45, walked free from court.

The alleged mastermind Alim Barry, a Sierra Leonean property magnate who also owns houses in Leeds and Manchester, has fled abroad.

In early 2006, his shell company Atrex bought a total of 84 flats in the Hill House block in Thamesmead, South East London from Persimmon for £15.25m.
The properties were later sold on for £18.75m - a total profit of £3.5m.

It was claimed in court that Persimmon staff were involved in the fraud but police did not have the resources to investigate the company.

Barry and his alleged accomplices recruited dozens of low-income workers as mortgage applicants, promising them they could move into the luxury apartments for nothing.

It was claimed the defendants used Joseph's accountancy skills to produce a series of fake financial histories to fool banks into handing over the loans.
Handing Joseph a 12 month prison sentence suspended for 12 months, Judge Andrew Goymer said: 'You, as a chartered accountant and a member of the professional body that is the most highly regarded in the accountancy profession, thoroughly abused that position and abused the trust that was placed in you.
'Over a period of some years you produced false sets of accounts in respect of individuals who had never been your clients and for whom you had never acted financially.'

Joseph, of Furham Field, in Pinner, Middx, was also ordered to do 260 hours of unpaid work.

Mohammed Barrie, of (78) Pinewood Ave, Dartford, Kent; Izuchukwu, of (139) Earlham Grove, Forest Gate, East London; Ahmed, of (153) Howard Road, Walthamstow, East London; Dairo, of (20) Eastern Ave, South Ockendon, Essex; Fisher, of (33) Tiptree Crescent, Ilford, Essex; and Sourou, of (21) The Crescent, Ilford, Essex were cleared of a conspiracy to defraud mortgage lenders.
Muctaru Barrie, also of (78) Pinewood Place, Mohammed Barrie and Izuchukwu were cleared of a conspiracy to launder criminal property.


P.S...And to think that our council are in bed with Persimmon and that our council have already told me that they don't have a problem with them?

Friday, January 08, 2010

Didn't you just know it?

Didnt you just know it? After knowing about the Coatham Village Green Issue going all the way up to the Supreme Court for over five weeks now and not mentioning it once in the local press and media, the council have now informed me that they will not be "reviewing it", presumably in the press beforehand, because they just want to let justice take its natural course.

Since when would simply informing the public about a Supreme Court Case of national importance, a Supreme Court case that the public of this area have a right to know about because their council is directly involved in it, ever be considered as interfering with the court case or natural justice? That's wouldn't.

The failure of Redcar and Cleveland Borough Council to tell the public of the area what is exactly going on, once again demonstrates their eagerness to only let the public know what they want them to know not what is actually happening.

The questions everyone should be asking now are why don't the council want the public to know about this Supreme Court Case of National importance and would this culture of disinformation be more at home in communist or facist dictatorship rather than a supposed 21st century democracy?

Saturday, January 02, 2010

Nearly a month on...and still nothing?

It's been nearly a month since the Supreme Court made the decision to hear the Coatham Village green case and still the council have made no mention of it publicly? I have just emailed the leader of the council, George Dunning, to see if it is the councils intention to do so before the hearing commences on the 18th of this month? It will be interesting to see how he replies.

I'll keep you all posted.

I would like to take this opportunity to wish all the readers of this site a very happy, healthy, peaceful and prosperous new year!

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