Banker lied about terminal most cancers to swindle household, associates and his taxi driver in £1.2m insurance coverage rip-off

A former banker who faked having terminal most cancers as a part of a sequence of scams value a mixed £1.8 million has been jailed for nearly seven years. Rajesh Ghedia, 42, mentioned he can be lifeless inside a yr, faking medical documentation and letters from a marketing consultant to say insurance coverage cash between October 2020 and May final yr.

In one other sequence of scams, Ghedia made fraudulent claims about his place at Bank of America to encourage seven folks, together with one relative, to spend money on non-existent monetary merchandise with the corporate and Goldman Sachs from 2016 to 2020. On Friday, he was jailed at Southwark Crown Court for a complete of six years and 9 months over 30 mixed counts of fraud.

Ghedia was later slammed by law enforcement officials for his lack of a “moral compass” and having no boundaries when it got here to non-public relationships. Judge Deborah Taylor, sentencing, dubbed Ghedia a “persistent fraudster and liar”. She mentioned: “This was a contrived, extensive and complex fraud using the names and reputation of doctors without them knowing. A complete disregard to their names and reputations.”

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In relation to the funding fraud, she mentioned: “You have caused them (the victims) devastation, showing utter disregard for their mental wellbeing and finances. All have been left scarred.” Judge Taylor added: “This had high culpability as these were significant offences with extensive planning.”

Jack Talbot, prosecuting, had set out what he described as “significant cases of fraud”. Ghedia falsely claimed to have been recognized with pancreatic most cancers and mentioned that it was possible he would solely stay for an additional yr on the most in a rip-off value over £1.2 million, the courtroom heard.

Ghedia produced pretend medical documentation and letters from Dr Nick Maisey, a marketing consultant oncologist on the London Clinic, a personal hospital in central London. Judge Taylor informed Ghedia: “Your own forgery tripped you up.” In his different rip-off, Ghedia triggered victims to lose a complete of £600,000 after being informed they might double or triple their cash over a brief time frame.

Mr Talbot informed the courtroom that among the many victims was a cousin whom Ghedia had urged to spend money on a non-existent Goldman Sachs portfolio. A complete of greater than £63,000 was as an alternative paid into three financial institution accounts belonging to him. Another sufferer was his former taxi driver and his spouse, who misplaced a complete of simply over £104,000. The couple took out loans and needed to promote their residence to cowl the prices, the courtroom heard.

On some events, Ghedia made “dreadful assertions”, falsely saying his daughter had been killed in a automotive accident, to keep away from speaking with the victims. Another sufferer, a grandfather, informed in an announcement of his “embarrassment” after being swindled by Ghedia.

All the victims had identified him earlier than the scams happened, some being the dad and mom of his kids’s faculty associates. Mr Talbot mentioned Ghedia was “highly” culpable because of the “continual period of offending” over 5 years. He additionally informed the courtroom the ex-banker has “high value” property and automobiles, privately educates his kids and lives a “lavish lifestyle”.

Benjamin Waidhofer, defending, argued the offences “did not” happen over a big time frame, in addition to telling of Ghedia’s good character. Mr Waidhofer mentioned: “The defendant has come to terms with the possibility of a custodial sentence and entirely accepts responsibility.”

Speaking about compensation, he added: “In all likelihood the victims will be made substantially, if not completely, whole.” Ghedia, of Maidenhead, in Berkshire, had entered an early responsible plea, the courtroom heard.

Detective Constable Daniel Weller, of City of London Police, mentioned: “It is both disturbing and despicable that Ghedia exploited systems which are set up to help those who are terminally ill – not to line the pockets of greedy fraudsters. Ghedia shows no sign of having a moral compass. Hopefully some time behind bars will give him the opportunity to find one.”

Detective Constable Simon Andrews, mentioned: “Personal relationships were also not a boundary for Ghedia’s crimes, as he even went to the extreme of deceiving his own relative for financial gain.”

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