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2 August 2011, 06:00
A solicitor wanted in Suffolk in connection with a 12 million pound fraud has been named on at Crimestoppers most wanted list.
He was allegedly involved in a fraud involving Mortgage Lenders and banks costing them around £12 million.
Ajayi Seun, 45, is believed to have committed the offences between 2004 and 2009, and is also currently charged with Conspiracy to Money Launder. He has failed to report to bail and police are keen to trace him.
His previous address was in Carshalton, Surrey, but he has not been seen at this address since the end of May.
The national campaign has been launched following reports earlier this year that fraud cost the UK an estimated £38 billion in 2010.
Lord Ashcroft, KCMG, Founder and Chair of Crimestoppers, said: “This is not a victimless crime. Every single one of us is paying higher taxes, bank charges and insurance fees because of fraud.
“The amount of fraud against the public purse is around £27 billion a year. This is equivalent to 30 per cent of the estimated national education budget for 2011/2012. Think of the many cuts and savings that would not have to occur if we did not suffer this level of fraud!
“Serious fraudsters often operate as part of gangs and fraud is just one of their business streams. This can result in the funding of drugs and people trafficking, which causes real harm to many.
“Fraud is not acceptable and must not be tolerated. If you know of anyone committing fraud, or know the whereabouts of Seun, I urge you to call the charity Crimestoppers anonymously on 0800 555 111 or to visit our website www.crimestoppers-uk.org and fill in an online form, your call cannot be traced, we don’t ask for your details and you will not have to appear in court.”
Crimestoppers’ Eastern Regional Manager, Ann Scott, said: “Seun has made a lot of money from his alleged offences and in the end it is us who pays the bill. Fraud costs the public a lot of money, making the offence a victimless crime.”
With fraud costing each one of us over £700 a year, the national charity has launched the campaign to try and track down ten of the most wanted fraudsters in the UK.