Man jailed over nine counts of fraud by false representation
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A 57-year-old man from Tamworth has been jailed for five-years-and-seven-months over nine counts of false representation.
Tyrone Daley, of Blackwood Road, Tamworth, was sentenced at Stafford Crown Court on Thursday (7 April) having changed his plea from not guilty to guilty for four counts at an earlier hearing on 4 March.
He pleaded guilty to the other five counts at a hearing on 1 November 2021.
The court heard how between April 2018 and September 2019, three men and a woman provided Daley with large sums of financial investments on the pretence that the money would be invested into a car selling scheme.
Each investor was promised profit from the sale of each car. The fraud come to a head when Daley was not able to pay back the profits he had promised his investors.
Overall, his victims sustained losses of over £400,000 and Daley had profited in the region of £200,000.
The court also heard how Daley tricked customers into purchasing the same car that he claimed was not yet registered in the UK.
Between June 2019 and July 2019, five victims were tricked into purchasing the car and sustained losses. Overall, this amounted to over £20,000.
DC Marc Bailey, of Staffordshire Police, said: “Over the time period in which the offences took place, Daley stole public money which had a huge impact on his victims. Daley defrauded individuals out of money, taking advantage of their good nature and trust.
“We are pleased with the court’s decision and hope that Daley uses this time to contemplate his actions and the financial and mental impact he has had on those he has targeted.”