Tuesday 24 May 2011

Property developer found guilty of £1.3m fraud | News | Money Marketing

Property developer found guilty of £1.3m fraud | News | Money Marketing

A commercial property developer from Lancashire has been convicted of defrauding seven investors in deals exceeding £1.3m.

Shaun Kiely, 43, auctioned a string of unprofitable small retail shops claiming them to be viable and profitable business opportunities. He will be sentenced on July 4.

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