Man charged as part of £30m fraud is due to enter plea

Man charged as part of £30m fraud is due to enter plea

Reporter:

Justin Burns

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Man charged as part of £30m fraud is due to enter plea

A Windsor man charged with playing a role in mortgage loan frauds worth more than £30million from financial institutions is set to enter a plea tomorrow.

Mark Entwistle, 45, of Kings Road, will appear at Reading Crown Court along with seven other men, who are also facing varying numbers of fraud charges.

Entwistle has been charged with 23 counts of conspiracy to defraud and conspiracy to commit fraud by false representation.

He also faces one charge of conspiracy to commit money laundering and one of conspiracy to commit corruption.

Also entering a plea is George Tilemachou, 52, formerly of Thames Street, who has been charged with one offence of conspiracy to commit fraud by false representation.

They are in relation to allegations made by the Royal Bank of Scotland and other lenders, who claim mortgage loans were fraudulently obtained of between of more than £30million.

The crown claims the eight garnered large sums of cash through fraudulent mortgage applications and then used the money for other means.

All will appear for a plea and case management hearing and are on conditional bail.

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