Stevenage couple sentenced for �500,000 fraud

A married Stevenage couple has been sentenced after committing a �500,000 bank fraud.

Femi Loye, 43, and Bolanle Loye, 38, from Ashburnham Walk, pleaded guilty at Cambridge Crown Court to using stolen identities to obtain mortgages and bank accounts worth around half a million pounds.

The 13 offences included doctoring passports and creating a false driving licence in the fraud carried out over seven years.

Femi Loye was sentenced to 20 months imprisonment and his wife was ordered to do 100 hours community service.

Their criminal gains will be confiscated under the Proceeds of Crime Act, Herts Police said.


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In a separate fraud investigation, a 42-year-old Coventry man was sentenced to two years in prison for using bank cards stolen from victims at Lister Hospital in June.

Kevin Deakin, who was part of a national fraud ring known as the Coventry Falcons which preyed on NHS hospitals, was charged with 20 offences in a joint investigation between North Yorkshire, Greater Manchester, Nottinghamshire and Hertfordshire Police.

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Investigating officer Dc Emma Landucci said: “These were very complicated and involved investigations, but we were determined that justice would be brought.

“Identity fraud is a very distressing offence for the victim, even if they are compensated for any financial loss. In particular, the Coventry Falcons cost the NHS several hundred thousand pounds a year and it is very pleasing to know that Deakin, a prolific member of this team, has been brought to justice.”

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