Nightclub Boss Admits Million Pound Fraud

A businessman who ran nightclubs in Hull and Goole has pleaded guilty to attempting to secure a £1m mortgage by deception.

Arthur Wilder, 66, had been due to stand trial at Hull Crown Court after initially denying three fraud charges involving money laundering. He then changed his plea to guilty during a hearing to confirm a date for the trial to start.

Wilder had claimed to earn £300,000 a year as a self-employed designer, plus £85,000 a year in rental income. He admitted one charge of attempting to obtain £1m by deception from the Royal Bank of Scotland by making a series of false declarations about his earnings and employment status.

Judge Jeremy Richardson QC granted Wilder bail on condition he surrendered his passport. The judge said he had "real concerns" that Wilder would attempt to flee the country.

He said:

"In the event you take flight, you will be sentenced in your absence.

"If that happens, there will be an international warrant issued for your arrest, you will be brought before a foreign court and there will be extradition proceedings. You will not evade justice."

If you are facing an allegation of fraud or money laundering, call our Goole team for expert, confidential advice. Speak to us on 01159 419 141.

GV Hale & Co

Fraud Solicitors