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MK Man Convicted Of Mass Fraud
A mass fraudster from Milton Keynes has been convicted of 12 crimes - totalling more than £750,000.
After a six week trial at Aylesbury Crown Court, John Clifton Davies, aged 53, of Dean Forest Way, Broughton in Milton Keynes, was yesterday (4/3) found guilty of 12 counts of fraud by breach of trust; 11 by a unanimous jury decision and one by a majority verdict.
But - Davies failed to attend court and a warrant for his arrest has been issued.
The charges relate to Davies’ dealings with nine different companies where he gained in excess of £750,000.
He used the money to buy himself a new house furnished with the latest cinema system and luxury kitchen. He also spent over £70,000 on a new Range Rover, designer clothes and lavish foreign holidays to Barbados and Las Vegas.
Davies claimed to be an insolvency and business advisor despite not being licensed. Between 2007 and 2013 he targeted distressed companies, claiming that he could assist in restructuring their debts.
Although he often advised companies that they should go into liquidation or administration, he delayed implementing such advice so that he could gain control of companies’ remaining assets which he used for his own personal gain.
Davies gained the victims’ trust and then took the money that was due to the company creditors which he then spent on his own lavish lifestyle.
The result of his actions meant numerous people lost their jobs, livelihoods and companies.
The offences occurred in Theale in Berkshire, Kent, and Northamptonshire, with a total loss to victims of £775,930.20.
Thames Valley Police Economic Crime Unit spent over two years collating this evidence.
The Crown Prosecution Service brought the case to trial presented by Alexandra Healy QC.
Investigating officer, Det Con Stephanie Burleigh, from the Thames Valley Police Economic Crime Unit, said:
"I am very grateful to all the victims and witnesses who took the time to come to court and give statements to support the proceedings against this serial fraudster. Company fraud is not a victimless crime, Davies ruined many livelihoods and Thames Valley Police take these crimes seriously.
Davies has led a flamboyant lifestyle on the back of these despicable crimes which have caused so much misery up and down the country. He is an accomplished and manipulative con-artist who does not care about the consequences of his actions. I appeal to anyone who knows where he is to contact the police immediately so that he can serve his sentence"
Davies will be sentenced on Friday 6 March in his absence.
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