Three face trial over multi-million Ponzi property scheme

Mark Battersby
clock • 3 min read

A multitude of investors were allegedly conned out of £13.7m by a group operating a Ponzi scheme that posed as a property investment company, prosecutors said on 15 February on the second day of a trial in London. According to a report by Law360, Mitchell Mallin, Abdul Mukith and Anthony Whymark are accused of conspiring to commit investment fraud by persuading their targets to put money into purchases of residential property that did not in fact exist through a company called Essex and London Properties Ltd. The trial follows a case covered by the Insolvency Service in November 2018,...

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