Ghost insurance broker ordered to pay back £253,000 for his ill-gotten gains

Cash

Antique Khan, aged 36, of Bradford, appeared at a confiscation hearing at Bradford Crown Court and was ordered to pay back £253,000 or face spending two years in prison.

The confiscation order was entered by the City of London Police’s Insurance Fraud Enforcement Department (IFED) and West Yorkshire Police.

Khan was sentenced at the Old Bailey in April 2014 to one year in prison after he was found to be selling fraudulent car insurance policies to motorists in restaurants, internet cafes and by the roadside in Bradford; this is commonly known in the insurance industry as ‘ghost-broking’.

Khan posed as an insurance broker between August- December 2011 and convinced over 50 people to take out fraudulent insurance policies, making £253,000 from the fraud.

Financial Investigator Simon Styles who works in the City of London Police’s Insurance Fraud Enforcement Department said:

“We have worked extremely hard with West Yorkshire Police to ensure that Khan was not allowed to keep his criminal assets. This money will finally be repaid to Khan’s victims who have patiently waited for justice to be done”.