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One of the most high-profile and longest running fraud cases in the property sector, which polarised the community, has finally reached it's legal conclusion.Property Tribes has received an official statement from Thames Valley Police:"Earlier today, at Amersham Crown Court, Phillip Henry Martin was found guilty of all six counts on the indictment by the Jury after several hours of careful deliberation.Philip Martin has been remanded into custody and will be sentenced tomorrow at Amersham by the trial Judge.The Judge warned Mr Martin that he can expect to receive a substantial prison sentence".
Back storyPhil Martin enjoyed a period as a high profile property guru, speaking at the Berkshire Property Meet and other events on the wealth educator circuit, where he sold people expensive mentoring programmes and portfolio building services, some involving lease options. He was lauded as an expert and dominated much of the wealth educator scene.However, things were not all as rosy as they seemed, and his Rapid Group, which had several companies, went bankrupt in 2009 along with PM himself. Investors lost substantial sums - believed to be somewhere in the region of £2.4 million.Despite this, some time later, Phil Martin re-emerged as a property expert, speaking at property events, and running his "Millionaires Together" mentoring programme and other money making ventures, all related to property.Phil Martin returns to property Many people felt that he should be disbarred from community groups, others felt he should be given a second chance.Some allowed him a platform to speak despite the cloud hanging over him. (He spoke at the Peterborough Property Investors Group (PIG) the day before he appeared in court for the BIS case sentencing - see below).What was clear was that PM managed to attract a very loyal following who would not believe anything bad of him. He also managed to convince a lot of people that he was innocent of any wrong-doing.PM himself showed very little remorse for his victims and carried on as normal with his property activities.Following a lengthy police investigation that Phil Martin did not co-operate with, in November 2014 PM was charged with with 12 separate counts concerning two different companies he was in control of:9 counts contrary to sections 1 and 2 of the Fraud Act 2006. (In relation to Rapid Property Buyers and Premiere Building and Construction)1 count contrary to sections 1 and 6 of the Forgery and Counterfeiting Act 19842 counts contrary to section 993 of the Companies Act 2006.This case took a long time to reach the court room and is the case he will be sentenced on tomorrow.See - Phil Martin charged on 9 counts of fraudIn the meantime, a separate court action was brought against him and his accountant by the Department of Business, Innovation, and Skills (BIS).In October 2015, In total he received 20 months imprisonment which commenced immediately.He also received an exclusion from running a business for 7 years.He was released from prison with a tag and few weeks ago and was photographed on Facebook with his mentees saying he was looking forward to re-starting his mentorship programme. Prior to commencement of the second trial, all his social media profiles and websites were removed from the web. (No one knows why).We will up-date this thread with the jail sentence tomorrow.Thank you to Thames Valley Police for keeping the property community informed.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
I hate to be boring and repeat over and over what I have said previously, but he hasn't done anything that others still allowed to operate freely are currently doing.
Crown Protection Service seems to be working from different information than you Nick.
Plenty more to for them to take down. This guy was clearly rotten, others well..
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I hate to restart our previous discussion Adam, but you know your own associations, and you are positive that your associations will have no reflections on your clients, so we will leave it there.
A bit Tetchy Nick.
Absolutely agree. - Berkshire property meet is a good place to hear them speak too!
Nick that's very true, I am absolutely certain that this conviction will lead to others. I know for a fact that at least one other individual is working his way through the pipeline.
In the meantime you need to decide Nicholas, do you sign up now for one of the new courses, 'Mailsacks together' They are expected to cell fast !
Stewardson Developments Ltd.
Burson Land Ltd. & Jennings & Gilchreaste Ltd.
Follow me on twitter - @philstewardson
"Cell fast" - I like that!
Some may still argue Queen is just trying to fill her HMO.
Can we remember all six counts?.. I don't think you said.
"... substantial prison sentence" - how scary does that sound? But I'd happily wish at least that on the directors of a company I had to fight through litigation.
The stress fraudsters cause is immense and incredible. Some of them deliberately target pensioners to defraud them out of SIPPS, and all of them target the inexperinced. They completely ruin lives.
Good to see the slow wheels of justice catching up with one of the biggest fraudsters on the scene. I repeat; one of them.
One observation I have regarding Phil Martin, and other fraudsters I know of, they show all the signs attributed to psychopaths: dilluded, conceited and devoid of guilt or empathy. Christ, I think Phil's going to have a long time to think about what he did.
Can anyone think of the people who defended him? I can think of a few. Not strictly guilty by association, of course. Only in my book.
"Change is a prerequisite to longterm survival".
The establishment is rigged so that the rich stay very rich, and the poor get poorer.
Rachael, you're spot on about the stress the scumbags cause and how they can ruin lives. They are a menance to society.