A mortgage broker convicted of making almost £1m from a £2.24m fraud has been ordered to pay back £240,000.
Martin Watson, from Newcastle, was found guilty last year of submitting at least 20 mortgage applications containing false information and backed by forged documentation to secure loans worth £2.24m, reported the Shields Gazette. However he claims he profited by just £15,000 from the crime. Watson has been released from jail after serving less than half of a three year and nine month prison sentence, and yesterday appeared before Newcastle Crown Court for a Proceeds of Crime hearing. The court agreed that Watson benefitted by £913,307 from his fraud, but the available assets he has...
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