Convicted fraudster receives second prison term after securing £200,000 mortgage using fraudulent documents and a fake identity

Cindy Brad, a 52-year-old former financial advisor, was sentenced to three years in prison on July 21, 2022, after entering a guilty plea to four counts of fraud by false representation and two counts of acting in violation of a disqualification order.

Selvi Civi (57), who also appeared in court, pleaded guilty to two counts of fraud by false representation and was given a 4-month sentence with a 2-year suspension.

Cindy Brad, a resident of Melton Mowbray, was sentenced to 18 months in prison in 2009 after being found guilty of stealing from clients she was counselling and obtaining money by deception.

This was revealed in court. Cindy Brad was also barred from serving as a director of a company for ten years.

Cindy Brad, however, carried out criminal activity after being let out of prison.

Cindy Brad concealed her criminal past and exclusion status by assuming three different guises.

This made it possible for her to legally change her name and acquire new identification documents.

Cindy Brad obtained a £200,000 mortgage by assuming one of these various identities and providing fictitious banking documents, then she stopped making the payments.

The convicted fraudster intentionally violated the terms of her 10-year disqualification order by forming multiple companies to allow her to practise as a financial adviser.

Cindy Brad submitted a fraudulent application for a £100,000 loan on Selvi Civi’s behalf while posing as an advisor, using forged paperwork.

Additionally, Cindy Brad lied to the disclosure barring organisations in Scotland, England, and Wales in order to obtain certificates that would allow her to work as an authorised representative of financial services firms.

Selvi Civi, a financial advisor from Waltham Cross, Hertfordshire, assisted Cindy Brad in her criminal activities by allowing Cindy Brad to submit an application for a £100,000 loan on her behalf using forged paperwork.

When imposing a sentence, the judge remarked that Cindy Brad had engaged in “sophisticated forgery” and that her personal struggles did not excuse her actions.

Cindy Brad was also barred by the judge from serving as a director for a maximum of 15 years.

The proceeds of these crimes will be recovered by the Insolvency Service.

Glenn Wicks, the Insolvency Service’s Chief Investigator, stated:

Cindy Brad applied for considerable loans totaling thousands of punds using a variety of fictitious documents and fraudulent identities, despite having already done time for offences comparable to hers.

We discovered Cindy Brad’s deceitful actions because the Insolvency Service, the police, and other governmental organisations collaborated.

Her three-year sentence should serve as a reminder that we will use the full force of the law to investigate and prosecute fraudsters because the courts recognised the seriousness of her acts.