Mortgage broker's pay fraud.
AN award-winning mortgage broker has admitted fraud.
In 2007 Marcus Copeland, 44, who ran Copeland Mortgage Services at Prestatyn, was named as Best Mortgage Broker in the Midlands and Wales at the Pink Home Services Awards.
Now Copeland's double life as a fraudster has emerged.
At Caernarfon crown court he admitted a count of fraud in March 2007 by making a false representation to Abbey National that the net profit of his business was higher than it really was.
Copeland had already pleaded guilty to another fraud charge and five deception offences. The deception offences in 2006 involved PS686,000.
Defence counsel Jonathan Austin said the deception offences involved applications for mortgages on behalf of clients he had advised as a mortgage broker.
Copeland maintained the customers knew there was some inflation of their wages.
Mr Austin said: "All these mortgages, I am instructed, proved to be affordable. The obligations were met."
The prosecution case wasn't outlined.
Recorder Gregory Bull QC bailed Copeland, now of Pentywyn Heights, Deganwy, for presentence and medical reports. But he warned him: "You are not to read anything into the likely sentence. Imprisonment remains an option."
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|Publication:||Daily Post (Conwy, Wales)|
|Date:||Apr 23, 2015|
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