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£584,000 mortgage fraud man gets his sentence slashed

PUBLISHED: 16:35 05 May 2010 | UPDATED: 15:39 16 August 2010

A 41-YEAR-OLD man jailed for a £584,000 mortgage fraud has had his sentence slashed by top judges on appeal.

A 41-YEAR-OLD man jailed for a £584,000 mortgage fraud has had his sentence slashed by top judges on appeal.

David Fung Lee, 41, was sentenced to 44 months at Plymouth Crown Court after admitting a series of fraud-related charges in September 2008 but at the Criminal Appeal Court last Friday, Mr Justice Tugendhat cut it to 30 months.

He was cleared of converting the proceeds of brothel-keeping, but pleaded guilty to eight charges including obtaining and attempting to obtain money transfers by deception and fraud.

Lee, of Fairview Drive, Orpington, was the director of a company which ran a health spa, which the prosecution claimed also acted as a front to launder profits from brothel trading.

The Crown Court judge accepted in 2008 that Lee had no knowledge of the brothel links, although three co-accused were convicted of prostitution-linked offences.

Mr Justice Tugendhat, sitting with Lord Justice Moses and Mr Justice Henriques, said Lee had lodged a series of fraudulent mortgage applications in relation to properties in various areas, including Kent, Leytonstone and west London.

He secured mortgage loans totalling £584,750 and failed to obtain an additional £327,250 in loans.

Allowing the appeal, Mr Justice Tugendhat concluded that the original sentence was excessive in light of Lee's previous good character and the fact that lenders had suffered no loss.

kate.nelson@archant.co.uk

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