Our Network

Register for our free newsletter

 
 
Latest News

Briton jailed after using Sheikh Mohammed’s name to con investors

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...

0

July 6, 2009 3:04 by



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.”




0

Tags: , , , , ,

Leave a Comment