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Millionaire Tottenham fraudster Oluwakemi Akinwumni forced to sell property empire to repay public
A millionaire who illegally claimed nearly £190,000 in benefits has been forced to sell her property empire to pay back the cash.
Tottenham fraudster Oluwakemi Akinwunmi was ordered to sell seven of her homes, which were valued at more than £1.7million, after she was caught by Haringey Borough Council.
The 45-year-old, who lives in Sycamore Gardens, claimed nearly £150,000 in tax credits from 2004 and more than £40,000 in housing and council tax benefits from 2003.
At the time, she was earning up to £140,000 from renting out properties across London and spent £45,000 sending three of her children to private school.
Akinwunmi was arrested in August 2010 after investigators discovered she had applied for mortgages on the homes using vastly inflated salary figures.
A joint investigation by the authority, police and HM Revenue and Customs found that Akinwunmi failed to disclose the rental income when applying for the benefits.
She also claimed to be a single mother, despite living with her husband.
The scheming duo claimed they did not tell tax officers about their rental business because they did not make any profit – despite the cash lying in Akinwunmi’s bank account.
In November, the mother-of-six was jailed for three years and four months at Wood Green Crown Court.
She pleaded guilty to nine charges of mortgage fraud, money laundering, council tax and housing benefit fraud, cheating the public revenue and tax credit fraud.
Her husband Olajide Akinwunmi, 47, of Wanstead Park Road, Ilford, was also jailed for eight months after being found guilty of cheating the public revenue and tax credit fraud.
At a confiscation hearing on October 18, the court ordered Akinwunmi to pay £250,000 – based on the equity in the seven properties – by April or face a further three years in jail.
Council leader Councillor Claire Kober said: “People who cheat the system should know that we will use any means necessary to reclaim the money they steal from hard working taxpayers.
“Benefits are rightly there for those who need them and this case shows we will always come down hard on those who abuse the system for personal gain.”
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