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Six-year jail term for bankrupt fraudster 8 December 2010

A Huntingdon-based company director has been sentenced to six years in jail after orchestrating an elaborate fraud to cover the fact he was bankrupt.

Richard Neil Grout was sentenced this week after pleading guilty to numerous fraud charges in September. The allegations concerned a number of companies operated by Grout, including UIC Limited, Concourse Property Limited, Woburn Property Limited and Equus Areans Limited, which defrauded a host of organisations, racking up thousands of pounds in the process.

UIC Limited, for example, was closed in November 2006 owing a hefty £51,348 to The Inland Revenue and £1,184 to HM Revenue and Customs. The commercial debtor list included: Howden Joinery Limited; Viking Direct; DSGI Business; Lloyds TSB; RBS Finsure; and CCG Carpet Cleaners Limited. Concourse Property owed £9,256 and Woburn Property Limited owed £25,000. The court also heard that Grout acted as director of a number of companies even though he was bankrupt and concealed his bankruptcy with six false identities.

Huntingdon Crown Court sentenced Grout yesterday (7 December) to six years imprisonment for fraud, fraudulent trading, failing to cooperate with the Official Receiver, perjury and acting as a director of a company whilst disqualified. 



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