Property shares fraudsters jailed transfer money to the gang's front company, Almena Properties in Gibraltar

Gang faces jail for 2012 Games property fraud | News: "Fraudsters who used the lure of the London Olympics to con pensioners into handing over their life savings were facing jail today.


The gang cold-called elderly people at home offering what they claimed was a lucrative property portfolio in Stratford, near the 2012 site.


Fraud squad officers who smashed the racket believe the gang got away with at least £300,000 between 2006 and 2007. Detectives traced up to 90 victims who each lost between £2,500 and £30,000.


Adrian Davison, 42, of south-east London, masterminded the scam, recruiting four accomplices - Andrew Bingham, 72, of East Sussex; Patrick Golding, 29, of Ashford, Kent; Kenneth Mullen, 42, of Lanarkshire, and Derrick Voysey, 63, of Buckinghamshire.


Victims were telephoned from a 'boiler room' office in Barcelona, and urged to invest in bogus property schemes. Once hooked, they were sent glossy brochures and told to transfer money to the gang's front company, Almena Properties in Gibraltar, or to an address owned by Bingham in London."Southwark Crown Court heard the gang sent their victims brochures and told them to transfer money to a Gibraltar-based front company, Almena Properties, or to a London address owned by another member of the crew, 71-year-old Andrew Bingham. A total of £286,000 was swindled from unsuspecting victims between August 2006 and March 2007.

Davison, of Ingleby Way, Chislehurst, Kent, who earlier pleaded guilty to four counts of conspiracy to defraud was given a total sentence of seven years.

Derek Voysey, 64, of Magnolia Dene, High Wycombe, Buckinghamshire, who was found guilty of one count of conspiracy to defraud following a trial last September, was sentenced to 18 months in prison.

Patrick Golding, 40, of Kilburn Park Road, north west London, was sentenced to 20 months in prison.

Kenneth Mullen, 42, of Kenshaw Avenue, Larkhall, South Lanarkshire, Scotland, was sentenced to 30 months in prison.

Bingham of The Mint, Rye, East Sussex is due to be sentenced separately.

Golding, Mullen and Bingham all earlier pleaded guilty to one count of conspiracy to defraud.

Another man, Christopher Fay, 64, of Holburne Road, Blackheath, south east London, who earlier pleaded guilty to one count of entering into an arrangement - money laundering - was sentenced to 12 months in prison.

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