Briton jailed after using Sheikh Mohammed’s name to con investors
The Basildon Crown Court in Essex has sentenced a British man to two years in jail after he forged...
July 6, 2009 3:04 by Dana El Baltaji
The Basildon Crown Court in Essex has sentenced a British man to two years in jail after he forged a letter from Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler, and conned investors, Arabian Business reports, citing an article in Essex-based daily The Echo.
Don Ladell, a 25-year-old boat builder, forged a letter from Sheikh Mohammed claiming the ruler will invest GBP75 million ($121 million) in a marina development in Southend, Essex. Ladell used the letter to convince investors of the project’s profitability.
He admitted five counts of fraud, totaling GBP190,000 ($307,000).
Judge Rupert Overbury said: “Your fraud was only successful because you developed a skill as a conman.”