Conclusively, it is both disturbing and alarming that Ghedia exploited systems that are intended to help those who are terminally ill – not to fill the pockets of greedy scammers. Follow precautions and stay safe; after all, it’s a horrible world we all live in!
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Can you believe that we live in a world where people pretend to have cancer just to get rich?
Yes, it’s true; as part of over £2 million worth of scams, a scammer pretended to have terminal cancer; he even scammed his relatives out of money. How devastating!
Through his fake stories and forged medical reports, the Berkshire banker, Rajesh Ghedia, 42, emptied many bank accounts.
Along with scamming insurance companies out of £1.2 million, he also pretended to be the vice president of the Bank Of America and scammed seven victims, including his own cousin and a dad he met on the school run out of £600,000. Unbelievable!
Has this caught your attention yet? Continue reading for more details!
How 1.8 Million Scam Was Conducted
It all started back in 2016 but came to light when one of his victims contacted the bank and told him their investment was missing.
Although this led to Ghedia being interviewed by police in August 2020, he continued to pretend he had terminal pancreatic cancer that would kill him within a year to make money from his pension and claim on his life insurance. According to reports, the scammer lived a lavish lifestyle that involved driving expensive cars, living in a mansion, and privately educating his children in the exclusive Virginia Water neighborhood in Surrey.
Ghedia’s series of scams saw him make fraudulent claims about his position at Bank of America to convince seven people, including his cousin, to invest in fictitious financial instruments with the company and Goldman Sachs from 2016 to 2020.
Basically, Ghedia caused victims to lose a total of £600,000 after being told they could double or triple their money over a short period of time. The lawyer, Mr. Talbot, told the court that among the victims was a relative whom Ghedia had pushed to invest in a fictitious Goldman Sachs portfolio. Instead, more than £63,000 was sent into three of the defendant’s bank accounts. His former taxi driver and his wife were also victims, losing a total of slightly about £104,000.
Apart from this, the insurance scam is the subject of ten offenses, including four counts of producing an article for use in fraud and six counts of fraud. False medical records and letters from Dr. Nick Maisey, a consultant oncologist at the London Clinic, a private hospital in the heart of London, were fabricated by Ghedia.
Moreover, to avoid talking to the victims, Ghedia occasionally fabricated dreadful statements, such as saying his daughter had died in a car accident. A grandfather who was a victim of Ghedia’s deceit also spoke about his embarrassment.
Due to the continual period of offending spanning five years, Ghedia was judged highly guilty. The former banker owned high-value possessions and automobiles, educated his kids on his own dime and led a lavish lifestyle.