Bent property developer built a portfolio on fraud

Borehamwood

  A property developer who built up a multi-million-pound portfolio by swindling £2.3million in bogus mortgages has been jailed for four-and-a-half years. Raymond Andrews, 38, inflated his income to secure loans and buy homes in London, Hertfordshire and Essex. He also submitted bogus claims to enter into hire purchase agreements for two BMW M3 convertibles worth £88,000. Andrews also went into the money laundering business and washed more than £1 million over six years, Southwark Crown Court heard. When police…

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