Ghost broker ordered to return £253,000 profit

Fraudster who scammed more than 50 people may spend two years behind bars

Ghost broker ordered to return £253,000 profit

Motor & Fleet

By Louie Bacani

An insurance fraudster from Bradford, West Yorkshire has been ordered by a court to pay back £253,000 that he profited from his ghost broking activities.
Antique Khan, 36, appeared at his confiscation trial at Bradford Crown Court on April 7 and was told to return his ill-gotten gains or face imprisonment for two years.
Khan was sentenced at the Old Bailey in April 2014 to one year in prison after he was found to be involved in ghost broking, selling fraudulent car insurance policies to motorists in restaurants, internet cafes and by the roadside in Bradford.

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According to the City of London Police’s Insurance Fraud Enforcement Department (IFED), Khan posed as an insurance broker between August and December 2011. He convinced more than 50 people to take out fraudulent insurance policies, earning £253,000 from the scam.
Khan’s confiscation order was entered by the IFED and West Yorkshire Police.
“We have worked extremely hard with West Yorkshire Police to ensure that Khan was not allowed to keep his criminal assets,” said IFED financial investigator Simon Styles.

“This money will finally be repaid to Khan’s victims who have patiently waited for justice to be done,” he added.

Related stories:
Three arrested in London ghost broking raids
Ghost broker risks jail term over 133 false policies

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