Criminal Mortgage Broker

magpiecottage

I am confused by this. Can you please name the brokerage so that we can help you further.

I am currently out of the country but whilst I get back to the UK also put a written complaint to the broker, send it by first class post and get proof of posting (free from the Post Office). Do that tomorrow (which is already today where I am at the moment).

This is important because you want to make the complaint to the broker before his Professional Indemnity insurance lapses.

Thrugelmir

Paul_Plumber wrote: »

After brokering the mortgage the remortgage monies/cheque was handed to me then I naively gave it to him.

In that case suggesting others are complicit when they are not is not a sensible move.

Paul_Plumber

The brokerage is closed down, google "Washington mortgage and insurance ctr" owner David Reid .. 2.8 million fraud and counting ! He is currently on police bail , writing a letter of complaint would be pointless I'm afraid !

KTF

Can you explain the chain of events that let him to have the money so its easy to follow.

i.e. He gave you a cheque from the bank, you paid it in to your account then you give him another one for the same amount?

The above being the case, why did you give him the money back after you had it?

Paul_Plumber

We received a cheque from the conveyancing solicitor, banked it then wrote another cheque out to the criminal broker from our own account, we already had other savings in this fraudulent non existing savings account , he was running an very elaborate Ponzi scheme producing forged bank statements and even honouring money withdrawal requests which were coming from his own pocket or the monies of his next victim .. He was very cunning as well as other words to describe him !

KTF

Why did you give him the money to put in his account rather than keep it in your account?

Wh05apk

Sorry, from what I can see, this is nothing to do with mortgages, except that is how you initially raised the money?

Once you had the funds, you decided to re-invest the funds into a non-existent account?

Paul_Plumber

KTF wrote: »

Why did you give him the money to put in his account rather than keep it in your account?

Because he was our financial adviser/insurance broker/pensions adviser etc ,, the money was placed into an account in OUR name managed by the criminal broker !
He forged statements over many years and the bank has been informed, because the accounts never existed the banks can't help !

KTF

In that case I believe you only have a case against the individual defrauding you rather than the bank as the problem was not down to anything they did.

From my layman view I think you need to speak to a solicitor about perusing a claim against the individual who defrauded you.

ILW

So someone convinced you to write out cheques made out to him and then kept the money?

Sounds like outright theft and he will probably go to prison, cannot see why anyone would be liable to pay you any compensation though.