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You are Here: > Crime family head sentenced over £250,000 mortgage fraud | Glasgow and West | STV News

Tuesday 27 April 2010

Crime family head sentenced over £250,000 mortgage fraud | Glasgow and West | STV News


15:36 | ,

Crime family head sentenced over £250,000 mortgage fraud | Glasgow and West | STV News: "Edward Lyons, known as Eddie, lied to lenders about his income to secure the loans. He claimed he was self-employed and earning up to £48,000 a year when he was actually working at Chirnside Community Initiative earning just £20,000.
The 52-year-old bought property in East Kilbride and Cumbernauld by self-certifying on mortgage applications. He then sold the East Kilbride property and pocketed over £74,000 in profit - £30,000 of which he gave to his daughter Ashley to open a tanning salon in Dundee."


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