Jailed for Insurance Fraud Money Laundering

Sheffield Crown Court have jailed a local man for his relatively minor role in an insurance fraud which effected Norwich Union (now Aviva) customers.

Mr Platts was jailed for six months for his role in the crime which concerned laundering the stolen money.  Mr Platts allowed his bank account to be used for a single transaction, depositing £20,000 of cash that two men had earlier stolen.  The money was taken from cunerable clients of Norwich Union by a pair of criminals, Mr Dzingai and Mr Maumbe, who worked for the business.  They abused their position to attain access to the clients and cash in investment products, stealing the cash.  In a two year period running up to the Autumn of 2007, the pair managed to steal over £650,000.

£20,000 of this cash was transferred into Mr Platts account and incredibly he was only to be paid £300 for his part in the crime. 

Mr Platts who has orevious criminal convictions including dishonesty admitted a count of conspiracy to obtain money by deception.

Related: Ex Offenders Insurance