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Saturday, April 23, 2016

Anglesey,North Wales - Fraudster admits laundering criminal cash

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Mark Maguire faces a proceeds of crime hearing in June

Mark Maguire, 45, of Cefn Farm, Lon Bach, Caergeiliog has been told he faces a three three and a half year stretch behind bars

A fraudster from Anglesey will serve a three and a half year stretch behind bars after he confessed to laundering criminal cash.
Mark Maguire, 45, of Cefn Farm, Lon Bach, Caergeiliog, admitted to five charges relating to money fraud dating back to 2012.
Maguire was sentenced to a 42-month prison sentence at Blackfriars Crown Court in London on March 4.
Among the charges, he pleaded guilty to converting criminal property that was the proceeds of fraud between June 28, 2012 and July 31, 2013.
The ill-gotten cash was transferred from a Santander account of a consulting firm to a business account run by the defendant.
However the account was not in his name.
The fraudster will face a Proceeds of Crime Act hearing on June 27.
see-http://www.dailypost.co.uk/news/north-wales-news/anglesey-fraudster-admits-laundering-criminal-11229898

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