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    "Noted for the excellence of its white-collar defence practice"

    Chambers & Partners, 2014 edition

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    "Outstanding financial crime defence practice"

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    "It’s a deluxe firm which pulls out all the stops for its clients"

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    "They are the market leaders for serious crime’"

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    "Kangs has an excellent reputation. They care about their clients and go the extra mile for them"

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    "Kangs Solicitors is a standout firm"

    Legal 500, 2014 edition

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    "Kangs Solicitors is in the highest tier of firms"

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    "Hamraj Kang is noted for his very sharp legal brain"

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    "Kangs Solicitors fields a team of ‘technically able solicitors’
    and is well regarded for its serious crime and fraud work"

    Legal 500, 2014 edition

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    "Hamraj Kang is a shrewd tactician and very experienced"

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    "What the team is known for - handles an extensive array of criminal matters
    including murder, drugs and white-collar crime"

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    Immediate Custody Avoided Following Mortgage Fraud | Kangs Fraud Team Negotiators

    Criminal Defence Solicitors | Vat & Tax SolicitorsNEWSImmediate Custody Avoided Following Mortgage Fraud | Kangs Fraud Team Negotiators

    Dec

    23

    December 23 , 2016 | Posted by Kangs Solicitors |

    Immediate Custody Avoided Following Mortgage Fraud | Kangs Fraud Team Negotiators

    The Fraud

    Our client was one of fifteen defendants brought before Southwark Crown Court charged with conspiracy to commit mortgage fraud, amounting to approximately £50 million, committed between 2006 and 2007, when eleven loans were obtained from Barclays Private Clients International Ltd  (‘the Bank’) based in the Isle of Man.

    The funds were used for the purchase or re-mortgage of properties within the UK and had been obtained following the presentation of falsely inflated property valuations and false information about the financial position of the applicants.

    Our client was the director of a company which re-mortgaged an hotel in Brighton for £1.75 million through the provision of false information to the Bank.

    The Negotiations

    Following detailed negotiations with the Prosecution, our client accepted the lesser charge of “obtaining a money transfer by deception”upon the basis that:

    • the original more serious charge of “conspiracy to defraud” was dropped
    • the prosecution agreed not to proceed against our client’s wife and
    • confiscation proceedings would not be pursued.

    Sentencing Considerations | Kangs Criminal Solicitors

    When sentencing in cases of mortgage fraud, the Judge must consider the “risk of loss” that was present and not simply the “actual loss”that resulted from the fraud.

    As is often the case in mortgage fraud of this nature, there may not have been any actual loss because the mortgage lender had been repaid in full.

    Risk off loss requires consideration of the likelihood of harm occurring and is regarded as being less serious than actual or intended loss.

    As our client had repaid the Bank in full and there was no actual loss, it was successfully argued that the sentencing Judge could assess the level of the crime more favorably within the sentencing guidelines, and which was extremely beneficial for our client.

    The Sentence

    Our client was delighted to avoid an immediate custodial sentence when his sentence of fifteen months was suspended for a period twelve months.  

    How we can help? | Financial Fraud Solicitors

    At Kangs Solicitors we are able to offer a wealth of experience in defending clients accused of involvement in all aspects of financial fraud and money laundering.

    We have a successful specialist fraud department with a team of solicitors dedicated to defending allegations of this nature. We are ranked by Chambers & Partners in Band 1 nationally for our work in defending fraud cases.

    Should you become involved in or be accused of any fraudulent activity and require any guidance and advice then please do not hesitate to contact any of our below mentioned solicitors who will be pleased to meet you for an initial free consultation.

    If you have been invited to attend an interview with the City of London Police, The Serious Fraud Office, The Financial Conduct Agency or any other Police force or Government agency we can provide a specialist Solicitor to represent you.

    Who do I need to contact for assistance? | Kangs Fraud Team

    Please do not hesitate to contact one of the following for an initial consultation:

    Hamraj Kang
    hkang@kangssolicitors.co.uk
    07976 258171020 7936 6396 | 0121 449 9888

    Tim Thompson
    tthompson@kangssolicitors.co.uk
    0121 449 9888 | 020 7936 6396 | 07989 521210

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