Muslim who amassed £1.7m property portfolio using fraudulent mortgage claims jailed | Mail Online
A religious teacher who managed to amass a portfolio of ten properties using £1.7million of fraudulently-obtained mortgages has been jailed.
Syed Shah, 45, paid just £24.60 in income tax over a five year period and also claimed benefits despite developing his impressive array of properties, costing the lenders he duped around £450,000.
The dad-of-six from Bradford created a series of bogus identities and even invented a job for himself - saying he worked at a school which was in fact derelict - to get financial support.
Jonathan Sharp, prosecuting, told Leeds Crown Court on Thursday that Shah had benefited from his underhand plan to the tune of £391,000.
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