Bankrupt Conman Jailed For £1.5M Film Finance Fraud

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.”