A
bankrupt fraudster is starting a seven-year prison sentence for a
£1.5m scam on a movie company, which believed he held the keys to
unlocking millions in film financing.
Sencer
Sevket, 54, (pictured) of St. Katherine's Dock, Wapping convinced
Forrest Motion Pictures the loan would help secure £30m of future
film funding from investors in the Far East.
However,
he never intended to repay the £1.5m loan, which he promised would
be honoured in sixty days and the promised funding never materialised
either.
Sevket
was convicted at the Old Bailey of fraud by false representation and
possession of articles for use in fraud after an investigation by
City of London Police.
In
September 2009 Sevket, representing South Korean company KSI Ejder
Korea Inc, agreed the £30 million private financing agreement with
Forrest Motion Pictures.
However,
in April 2010, prior to the film funding arrangements being
finalised, Sevket requested the loan, promising the repayment
obligation was backed by a major bank.
He
was arrested during a police raid on his home in August, where
officers seized 40 million euros worth of promissory notes along with
details of his company and personal accounts held with four banks.
Detective
Sergeant Rob Stirling said: “Sevket persuaded the film production
company to hand him a massive loan by dangling the cherry of tens of
millions of pounds of future funding.
“He
had no intention of paying this money back, spinning a web of
deception in an attempt to keep him out of trouble.
“Thanks
to the City of London Police investigation he is now in his rightful
place, behind bars, with his seven year sentence sending out a strong
warning to other people thinking of trying to pull a similar trick.”
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