Fraudster Oluwakemi Akinwumni claimed £190,000 in benefits but may have to repay her illegal gains by selling her seven rental properties worth an estimated £1.7 million.
Akinwumni, 45, of Tottenham, North London, claimed £150,000 in tax credits and more than £40,000 in housing benefits over the past decade while picking up £140,000 in rents from homes let in London.
At a Proceeds of Crime Act hearing, she was told to repay £250,000 by April 2014 or face an extra three years in jail.
Wood Green Crown Court heard she spent £45,000 putting her three children through private school.
Her fraud came to light when she tried to mortgage the properties by telling lenders she earned much more than she had declared to Haringey Council’s benefits team and HM Revenue & Customs.
An investigation revealed she had failed to declare rental income and even lied that she was single when she lived with her husband.
Akinwumni, who has six children, was sent to prison for 40 months in November after admitting nine charges of mortgage fraud, money laundering, council tax and housing benefit fraud, cheating the public revenue and tax credit fraud.
Husband Olajide Akinwumni, 47, of Ilford, Essex, was jailed for eight months after he was convicted of two charges of cheating the public revenue and tax credit fraud.
And at a confiscation hearing on 18 October 2013, the court ordered that Akinwumni must pay £250,000 – based on the equity in the seven properties – by April or face a further three years in jail.
Rich list landlord’s HMO shame
Rich list landlord and businessman Ravinder Singh Takhar must pay £12,000 in fines and costs for letting tenants live in a squalid shared house.
Reading magistrates were told Takhar had run a property business for 30 years and was worth £6.5 million from investments in three hotels, three care homes and five other privately let properties in Berkshire and the West Midlands.
Takhar, 57, who was listed 248th in the 2005 The Times Asian Rich List pleaded guilty to seven housing offences.
Despite his personal accomplishments and riches, Takhar failed to carry out repairs on the property, leaving tenants living in filthy and dangerous conditions, the court heard.