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Salesman’s £145,000 loans fraud

An ex-JCT600 sales executive has been given a 12-month suspended sentence after he obtained £145,000 in fraudulent loans using stolen documents.

Mark Davison worked at its Newcastle Porsche centre and used false invoices and customers’ finance details stolen from the dealership to raise funds for a Hummer 4x4, a home for his mother and a property for himself.

At Durham Crown Court Davison was given a suspended 12 month jail sentence, and ordered to do 120 hours’ community work.

A spokeswoman for JCT600 said: “We were happy to assist the authorities and finance houses with their investigations.” 

She declined to comment whether the group had changed its processes since the frauds.

Davison had raised £42,000 from Lloyds TSB by providing a false invoice. A similar ploy raised £55,000 from Capital Bank Finance a year later.

In 2007, he used a genuine customer’s finance details to get a £43,000 loan from Ing Leasing.

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