Marylebone businessman accused of £73m scam
- Credit: central news
The director of two businesses in Marylebone posed as a multi-millionaire with links to the Vatican and the Spanish nobility in an elaborate £73 million scam, a court heard
Luis Nobre, director of Larn Ltd and ERBON Wealth Management Ltd that are registered to exclusive addresses in Harley Street and Marylebone, was one of a gang of fraudsters led by Marek Rejniak who posed as international financiers to dupe Dutch shipping company Allseas Group Ltd into handing over the ‘enormous sum’ in 2011, it is claimed.
The 49-year-old City trader, who lives in Wembley, was introduced to company bosses as an ‘A1’ trader with strong links to the US Federal Banking system.
He promised to invest the cash but just spent it on himself, Southwark Crown Court heard.
Solicitor Buddika Kadurugamuaw, 46, allegedly helped launder £111,400 of criminal cash and appears in the dock alongside Nobre.
Opening the case, prosecutor David Durose said: “As a result of the actions of the fraudsters Allseas lost control of the entire sum of 100 million euros although they did not realise they had been defrauded for some time as they were led to believe the money was still in the process of being invested on their behalf.”
Jurors were told cash was then laundered through accounts in Switzerland, Singapore and Cyprus with the aid of co-accused Kadurugamuwa and a man called Nadeem Khan, 54, who died before the trial.
- 1 'Strictest' headteacher to be documentary subject
- 2 'Extremely dangerous' men convicted after girl kidnapped and raped
- 3 Jailed: North London members of Essex drugs supply network
- 4 Call for investment in 'joke' Harlesden park
- 5 Baby among three rescued from Willesden flat fire
- 6 Police officer sacked after she 'failed' woman murdered by husband
- 7 The Queen’s Platinum Jubilee flypast: Where, and when, the planes will fly over north and east London
- 8 Second man charged with fatal stabbing of Emmanuel Odunlami
- 9 Labour accused of 'power grab' move over committee appointments
- 10 Can you answer these 10 GCSE questions designed for 16-year-olds?
Nobre denies one count of acquiring criminal property, five counts of transferring criminal property and three counts of possession of articles for use in fraud.
Kadurugamuwa, from Hendon, denies one count of being concerned in a money laundering arrangement, and one count of transferring criminal property.
The trial continues.