Mortgage broker jailed for six years after 'disgusting' £3.5m fraud

David Reid (pictured) conned money from 51 individuals over a period of 12 years using his Washington Mortgage Centre firm in County Durham. He was charged on 23 counts for obtaining a money transfer by deception, the court found. Reid had advised clients to place their cash into bogus offshore accounts by claiming they would earn higher rates of interest but faked supporting documentation. The investigation into Reid's activities began in January 2013 following complaints about his firm, which operated from the The Galleries shopping centre in Washington. Reid was also charged wit...