10:00AM, Friday 24 July 2015
A 41-year-old man who helped a former Windsor property developer carry out a £33m fraud has been ordered to pay a £854,310.77 confiscation order.
Matthew Robinson, of Baydon in Marlborough, Wiltshire, appeared at Southwark Crown Court on Thursday, July 2, and was told he must pay back £800,000 within 28 days and the final balance within 56 days or face a six-year jail sentence.
The £854,310.77 figure was the amount he was found to have benefited from his criminal conduct.
The order follows a lengthy and complex criminal investigation by Thames Valley Police which began in June 2009 and concluded in July 2014, resulting in lengthy jail sentences for the fraudsters involved.
Investigations revealed that Robinson helped 48-year-old Mark Entwistle, from Kings Road, Windsor, and 46-year-old Jonathan Gilbert, of Meliden Road in Penarth, South Glamorgan, obtain multiple loans on development properties by splitting land titles or delaying the registration of mortgages.
As a result, the lenders believed that they had a full charge over the properties to support their loans, when in fact their security was defective or worthless.
The investigation began following an allegation that banks had been defrauded out of huge sums in respect of loans obtained by the Rigsby Group of companies, controlled by Mark Entwistle.
Entwistle was found guilty of 21 counts of conspiracy to defraud and one count of conspiracy to launder criminal property following a six-month trial, receiving a 14-year prison sentence.
Gilbert, formerly of Trinity Place, Windsor, was sentenced to 12 years imprisonment after pleading guilty to 18 counts of conspiracy to defraud.
Robinson was sentenced to five years.
A fourth man, Nicholas Pomroy, 59, of Heath End Road in Tadley, received three years.
Phillip Croxson, financial investigator with the TVP economic crime unit, said: “A restraint order was obtained against Matthew Robinson in July 2012 and this has enabled us to control his property portfolio to ensure that assets were preserved.
“Properties have been sold, either voluntarily, or by receivers acting on behalf of mortgage lenders, and we have been able to ensure that sufficient liquid funds were retained to satisfy the confiscation order that has now been made.”The confiscation order given to Robinson means Thames Valley Police will receive a £160,000 windfall, which will be used by the chief constable to continue the fight against crime in local communities.
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