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£5m west Wales mortgage fraud

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swansea crown courtA WEST WALES estate agent and three businessmen who tried to rig the mortgage market have been jailed today “for their greed and dishonesty.” The four tried to make a fortune out of a rising housing market—and another fortune as prices dipped. Swansea Crown Court heard how in some cases they deliberately defaulted on mortgage payments, and then invented land disputes in the hope of buying back the houses at lower prices.

Ben Pickering, once a prospective Conservative candidate for parliament, and now living at Trevarron, Barrack Lane in Truro, Cornwall, admitted conspiring to defraud banks and building societies. He was jailed for six years. Mark Cainen, of West Cross Avenue in Swansea, and former financial adviser Paul John, aged 44, of Greenfield Crescent, Llansamlet in Swansea, were convicted of the same offence after a trial. Cainen was jailed for eight years and John for three years and four months.

West Wales estate agent Emma Davey,aged 34 of Rhydargaeau in Carmarthen, was jailed for one year, suspended for two years, and ordered to carry out 200 hours of unpaid work for the community. All four now face a Proceeds of Crime Act investigation as the government tries to confiscate the profit made from the £5 million fraud. Carl Harrison, prosecuting, said the four had been involved in a sophisticated conspiracy during which they successfully applied for mortgages using false names, created false identities, invented salaries and tried to manipulate the market to their advantage.

They frequently sold properties to each other and bought computer software capable of producing convincing looking payslips. Mr Harrison said Pickering and Cainen were at the heart of the conspiracy, which ran for eight years. Mr Harrison added: “Pickering and Cainen acted as buyers, sellers and points of contact in the conspiracy and they provided false information such as shadow salary payments, invoices, pay slips and P60 documents giving details of tax said to have been paid.

“There is some evidence Cainen was directing Ben Pickering, telling him what he should do and the order in which he should do it. “They were effectively stealing the identities of other people and companies and taking the identities of people of a similar age to get mortgages approved.” During Cainen’s trial e-mails were produced by the prosecution that showed Cainen saying to Pickering: “Get your smoke and mirrors out.”

Another from Cainen criticised Pickering “for not being a good crook”. At one time Cainen had more than 20 bank accounts in different names and Pickering obtained software to make false pay slips. Paul John was sacked by a Swansea finance firm in 2008 when a colleague found a false mortgage application for his wife in his desk drawer. The court heard after his arrest, Pickering continued to work as a film director and made two successful films, however due to financial hardship, he was now living in the attic of his inlaws’ home.

The judge suspended Davey’s jail term due to previous good character and the fact she was “prevailed upon” Judge Thomas said at the sentencing hearing today: “I have been told in letters on behalf of Pickering that the economic downturn and its effect on the housing market was the driving factor. “I don’t accept that argument in any shape or form, these offences were fraudulent from the outset. This was fuelled not by economic necessity but by greed.”

 

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Business

UK government commits £3.27m to mental health support in Port Talbot

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Funding aimed at helping steelworkers stay in or return to work

MORE than £3 million is being invested by the UK Government and Neath Port Talbot Council to boost mental health services for Tata Steel workers, their families and the wider Port Talbot community.

The £3.27 million package, announced by Welsh Secretary Jo Stevens on Wednesday (March 27), forms part of the Tata Steel / Port Talbot Transition Board’s wider £80 million support fund. Over £50 million has already been allocated to help steelworkers and supply chain businesses as the company moves to greener steelmaking.

The new funding will focus on mental health and wellbeing – an area identified as crucial for helping those affected by the transition to secure and sustain employment.

Services set to benefit include:

  • Recruitment of additional counsellors to support affected workers
  • Grants and resources for existing mental health provision
  • Expansion of peer and community support networks such as Men’s Sheds and She Sheds
  • Support in schools for children impacted by changes at Tata Steel
  • Specialist advice on welfare and debt for affected families
  • Suicide prevention and awareness training for council and trade union support staff

The funding is flexible and could be increased depending on demand.

Secretary of State for Wales Jo Stevens said:
“The past 18 months have been incredibly difficult for the steelworkers of Port Talbot, their families and the wider community. We said we would back them in whatever ways were needed.
“We are helping people learn new skills, but we also need to help protect people’s mental health. Well-being is crucial to getting back into work and staying in work.
“By boosting direct support services, we are investing in the people of the area and supporting growth in the local economy.”

Welsh Government Cabinet Secretary for Economy, Energy and Planning Rebecca Evans MS added:
“Working alongside our Transition Board partners, we will continue to ensure the right assistance is in place for those impacted, as well as providing opportunities for growth, investment and employment wherever they arise.”

Neath Port Talbot Council Leader Cllr Steve Hunt welcomed the funding, saying:
“We know the impact of change at the steelworks is being felt deeply across the area, particularly in Port Talbot where most households are affected in some way.
“This is a vital addition to the support already being delivered as we adapt to the future of steelmaking and prepare for the new opportunities brought by developments like the Celtic Freeport.”

Martyn Wagstaff, a local mental health advisor, said:
“It’s really important that anyone struggling with their mental health asks for help.
“This funding means that people in Neath Port Talbot will be able to access more support when they need it.”

The Transition Board will announce further funding for regeneration and job creation projects in the coming months, with tens of millions of pounds still to be allocated.

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Community

Final closures begin as long-awaited A40 bypass nears completion

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ROAD DUE TO OPEN WEEK COMMENCING APRIL 28

THE MAJOR A40 improvement scheme in Pembrokeshire is entering its final stages, with the Welsh Government confirming the new road will open in the week beginning April 28.

Construction of the long-anticipated bypass around Llanddewi Velfrey began in summer 2021. Once completed, the new dual carriageway will remove all temporary traffic management, including bollards and reduced speed limits. The entire stretch will carry a 60mph speed limit.

Wales transport secretary Ken Skates, responding to a written question from Carmarthen West and South Pembrokeshire MS Samuel Kurtz, confirmed the road is on schedule.

He said: “Section 1 of the A40 Llanddewi Velfrey to Redstone Cross Improvements Scheme is programmed for completion week commencing 28th April 2025. Section 2, the detrunking works through Llanddewi Velfrey village, will commence thereafter.”

The scheme is being delivered on behalf of the Welsh Government by Alun Griffiths Contractors Ltd. Although the final cost has yet to be announced, the project was originally estimated at £60 million, including £45 million from EU funding.

In preparation for the opening, the final three weekend road closures are now underway. The first closure began last weekend (March 21-24), with the remaining two scheduled for this weekend (March 28-31) and the following weekend (April 4-7).

The closures affect the section between Penblewin roundabout and Robeston Wathen roundabout, allowing the new A40 to be connected to the existing route at a location known as Jacobs Park.

All closures begin at 7:00pm on Friday and end by 6:00am on Monday morning.

Scheme spokesperson Matthew Davies said: “Due to the significant level differences between the new A40 and the existing road, the principal contractor requires three weekend closures.

“To ensure minimal disruption to local communities, commuters, and the economy, the work has been timed to finish before the Easter holiday.”

Emergency services have been fully briefed and will use carefully planned diversion routes to minimise the impact on North Pembrokeshire. Access to homes and businesses along the affected stretch of road will be maintained throughout the closures.

Mr Davies added: “Preparation work is already underway to reduce the closure duration, and all parties, including the local health board, are prepared for the temporary measures.”

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Crime

Majority of stolen sheep recovered after public appeal

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DYFED-POWYS POLICE says it has recovered 63 of the 75 sheep reported stolen from a farm in Rhydlewis, near Newcastle Emlyn, following a public appeal for information earlier this week.

The ewes were located at three separate sites within the Dyfed-Powys Police area over the past four days.

Inspector Matthew Howells said: “I would like to thank everyone who shared our appeal, and the appeal from the owner, which was shared over 700 times and reached communities all over Wales and further afield. The support from farming communities near and afar has been vitally important in securing a positive outcome. I’d also like to thank those who came forward with information which enabled my officers to respond quickly, ensuring the safe return of these animals to their rightful owner.”

A 40-year-old man who was previously arrested on suspicion of theft has been released on bail while police enquiries continue.

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