Knowledge is power and to know, when to get cautious about dealing with people. In this post, we are going to bring forward a story which will bring chills down your spine.
It’s a story of Susan Davey, a co-manager of the Sussex Heights in Brighton, UK under the leadership of Aram Papikyan. She worked for several years for the building management.
She was not only involved in certain fraudulent activities costing thousands of Euros to the building, but also involved in taking removal actions against anyone joining the management team to stop them from knowing the truth. She was clearly recorded on a CCTV outside their apartment discussing about suing a candidate. Here was her statement: “Surely we can find something on them”.
She even hired a close friend, Annette Conkleton, whom she paid more than £12,000 from building’s fund intended for “work” which never took place. It was her way to con money from the building fund.
Susan, along with Aram Papikyan, who happened to be the manager, spent more than £70,000 to pay for legal consultation for harassing and bullying the disliked residents. Interestingly, whole of the £70,000 were paid from the building fund.
She was fired when caught but the thousands of Euros were lost in the process that was never recovered.
More Details about Susan:
6E Sussex Heights, Brighton, BN1 2FQ
Financial Theft Laws in the UK
The Financial Theft Act focuses on the lawfulness of financial fraud. The Act defines what constitutes a ‘gain’ and a ‘loss’ in terms of money or property. Gain is an actual gain, while a ‘loss’ is a loss of expected acquisitions or property held previously. The act also establishes two “supporting” offences. The first is possession of articles used in a fraud, while the second is making or supplying articles used for a fraud.
The Fraud Act defines fraud as obtaining property through deception. Convictions of fraud carry up to ten years in prison and fines up to $1,000. It replaced laws relating to acquiring property through deception or evasion. The laws governing financial fraud, however, are notorious for their complexities and difficulty to prove in court. This means that prosecutors may still be able to bring criminal charges for a fraudulent transaction, even if the crime was committed before the Act was in place.
Fortunately, a number of new financial theft laws have been introduced in the UK to combat financial fraud. Fraudulent trading refers to activities that deceive another into transferring money or other assets without being paid. This crime is also punishable by imprisonment and a fine. This is especially important because the victim may not have the means to pay the money. The act also protects the victim and the public.
The Criminal Code provides a wide range of punishment for the theft of money and property. A conviction for fraud can result in a fine of up to 1,000 pounds or ten years in prison. The Fraud Act is a modern law that replaced the old laws concerning deception, cheating, and abuse of position. It replaces the Theft Act, which was renowned for its complexity and difficulty of proving in court.
The Fraud Act defines a criminal offence as a fraud if a person obtained property through deception, false representation, or abuse of a position. A fraud conviction carries a maximum fine of $1,000 and ten years in jail. The new laws aim to protect the public against the use of stolen information. The aim of the laws is to help protect the public from being victimized by fraudulent activity.
The Fraud Act was introduced to make fraud an offence. A conviction for fraud can result in a fine of up to $1,000 and ten years in jail. The offences are also governed by the criminal law in the UK. By using the Fraud Act, people can obtain property by misrepresent the truth to others. Therefore, a conviction under the Fraud Act is a serious criminal offense. The law has been in place since 1998 and was passed in 2006.