A benefits cheat has received a jail sentence for claiming benefits over a 15 year period by claiming he was too sick to work, whilst at the same time building up a £1million international property portfolio.
Dean Stuart Ahmed, 49 lived in a comfortable Cardiff Bay apartment building at Ezel Court, Heol Glan Rheidol, just one of several he was buying in the area.
In reality the serial fraudster was claiming income support and disability living allowance while earning substantial amounts of money from his portfolio of 10 properties.
Ahmed had banked more than £100,000 while also collecting rent from at least ten houses in Spain and the Cardiff Bay area.
Ahmed had houses in Cardiff Bay, Wales, and several luxury properties in Murcia in Spain, Cardiff Crown court heard.
Describing Ahmed as “professional, well organised and ruthlessly dishonest”, he sent him to prison for two years, eight months, after Ahmed admitted 15 charges, including four counts of money laundering, three counts of mortgage fraud and eight counts of benefit and council tax fraud.
Cardiff Crown Court heard he used a false identity to obtain mortgages which enabled him to build up a hidden property portfolio worth close to £1million.
Following initial investigations by Cardiff Council, the Department of Work and Pensions, the National
Crime Agency, Regional Fraud Team and the Regional Asset Recovery Team all got involved.
Ahmed will now be the subject of a proceeds of crime investigation said Chief Inspector Gary Phillips to take away the wealth and assets he has amassed.
Russell Harvey, of the DWP Fraud Service, has said that a minority of criminals view welfare as free money, there for the taking and we are determined to catch them. This type of crime costs taxpayers over £1bn a year.
— LandlordZONE (@LandlordZONE) September 11, 2014