Fraudster Matthew Ames sentenced to three years

Southend Standard: Fraudster Matthew Ames sentenced to three years Fraudster Matthew Ames sentenced to three years

A FRAUDSTER exposed by the Echo for selling green investment schemes that did not exist has been jailed for more than three years.

Matthew Ames, 38, of Goldfinch Lane, Thundersley, was sentenced to 40 months in prison at Isleworth Crown Court today.

Judge Paul Dugdale said Ames persuaded investors to part with life savings and pensions through slick brochures and the promise of significant returns he knew were not achievable.

Ames ran The Investor Club, which was supposedly selling investments in Sri Lankan teak trees, and Forestry for Life, a rainforest scheme, from a converted farm barn in Dunton Road, Laindon.

But the court heard the two firms defrauded investors out of their life savings and pensions with false promises of whopping 12 to 15 per cent interest returns.

The schemes lost a total of £1.6million, while Ames used some of the cash to pay for a Caribbean holiday and to buy a Lambhorgini.

Ames was investigated by City of London Police after an Echo undercover investigation in August 2010 revealed he was selling so called carbon credits that did not exist.

Comments (4)

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4:16pm Fri 21 Mar 14

runwellian says...

Some mothers son, i bet she is real proud of him!
Some mothers son, i bet she is real proud of him! runwellian
  • Score: 6

8:02pm Fri 21 Mar 14

I hate the police! says...

runwellian wrote:
Some mothers son, i bet she is real proud of him!
I would be if that was my son. He conned £1.6 million, got luxury holidays, a lambourghini, nice house etc. he will be out in 18 months. Seems like crime does pay. I think it does anyway.
[quote][p][bold]runwellian[/bold] wrote: Some mothers son, i bet she is real proud of him![/p][/quote]I would be if that was my son. He conned £1.6 million, got luxury holidays, a lambourghini, nice house etc. he will be out in 18 months. Seems like crime does pay. I think it does anyway. I hate the police!
  • Score: -3

8:12pm Fri 21 Mar 14

GeoffCapes says...

His dad is a conman. Like father like son. Chip off the old block.
At least he's doing time! Shame he'll be out in 18 months.
His dad is a conman. Like father like son. Chip off the old block. At least he's doing time! Shame he'll be out in 18 months. GeoffCapes
  • Score: 15

2:25pm Sat 22 Mar 14

Skitz007 says...

Mmm white collar crime & only 3 years - rob a bank & its 10 to 15 min.
Mmm white collar crime & only 3 years - rob a bank & its 10 to 15 min. Skitz007
  • Score: 4

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