Fraudster must pay back assets
A FINANCE broker who masterminded a £700,000 fraud has been ordered to hand over his remaining assets.
Daron Mann, 41, was convicted by a jury in March last year of two offences of stealing credit balances from Barclays Bank. He had pleaded not guilty.
The father of two, of Jordan Close, Creeting St Mary, was sentenced to four and a half years in prison.
Mann was brought back to Ipswich Crown Court last week for a hearing called under the Proceeds of Crime Act designed to recoup as much as possible of what he illegally gained.
The court heard that specialist financial investigators had established that Mann had assets remaining worth £63,476. It had been calculated that he benefited from his crimes by £466,232.
Judge John Holt ordered Mann to hand over the full £63,476 within the next six months. Failure to meet that deadline will result in 18 months being added to Mann’s prison term.
During Mann’s trial, the jury heard how he had been one of just 35 finance brokers in the country authorised to deal with Barclays Finance.
Mann had acted as a go-between to obtain loans of £283,000 and £419,255 for two haulage companies to finance the purchase of nine new lorries but much of the money failed reached the suppliers and instead was used to pay off Mann’s own debts. The court heard that Mann had been ‘robbing Peter to pay Paul’ when he committed the thefts as he attempted to resolve his large scale financial problems.
Search for a job
Search for a car
Search for a house
Weather for Bury St Edmunds
Tuesday 21 May 2013
Temperature: 6 C to 13 C
Wind Speed: 21 mph
Wind direction: North
Temperature: 3 C to 13 C
Wind Speed: 16 mph
Wind direction: North west