Stevenage man jailed for £500,000 car finance fraud

Summarised from The Comet's report · Updated 5 Nov, 13:09 · Archive

Mark Felton was jailed for four years and 11 months for stealing over £500,000 through fake car finance deals.

Mark Felton, 54, of Trajan Gate in Stevenage, was jailed for four years and 11 months at Cambridge Crown Court on 23 October. He admitted fraud by false representation and money laundering after stealing over £500,000 through car finance scams.

Between 2022 and 2023, Felton used fake identities to secure vehicle finance, resold cars several times and took payments for vehicles he never delivered. Detective Sergeant Anna Luxon of the Serious Fraud and Cyber Unit said Felton 'repeatedly lied' when customers confronted him about the missing vehicles. His offending affected both the businesses providing vehicles and finance, and the victims who paid for cars they never received.

Police charged Felton with 34 offences linked to the fraud. A Proceeds of Crime process will seek to recover the stolen money from his assets to reimburse victims.

Read the report

• Stevenage fraudster jailed for stealing more than £500,000 in car finance scamStevenage fraudster Mark Felton jailed for four years and 11 months after stealing over £500,000 through fake car finance deals and undelivered vehicles.The Comet · 5 Nov, 11:05

In this story: Mark Felton · Stevenage · Cambridge Crown Court · Serious Fraud and Cyber Unit

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log