Ben Douglas-Jones, led by Patrick Harrington QC (Farrar’s Building), leading Simon Rogers (Linenhall Street Chambers), and instructed by Elspeth Pringle MBE of the CPS Central Fraud Group, has secured guilty verdicts against 5 defendants in Operation Valgus.
Following a five month trial, a jury at Mold Crown Court convicted the proponents of a massive mortgage fraud involving hundreds of residential properties, some of which did not exist. The verdicts are the culmination of a complex, 5-year investigation by officers of North Wales Police. The effects of the fraud, which reached £20m, were widespread.
The verdicts were reported by the BBC.