A London man has been jailed for fraud offences committed in Oxford as well as Reading, Milton Keynes and the capital. 

Sir-Folliot Quarm, 32, of The Tower, Vauxhall, London, was sentenced to four years in prison at Reading Crown Court on Thursday, October 3.

He pleaded guilty one count each of conspiracy to commit fraud, and entering into or becoming concerned in a money laundering arrangement.

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The court heard that between December 1, 2017 and April 1, 2019, Quarm convinced college and university students to take out finance on mobile phones, laptops, tablets and Rolex watches.

He lied to his victims, stating the finance contracts wouldn’t be processed. The victims would obtain and hand the items to Quarm.

Quarm would then threaten the victims and their families to take out more finance.

A total of 55 items were obtained with a total value or more than £57,000.

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Other attempts were made but were unsuccessful due to failed credit checks.

Had they been successful, the total value of obtained items would have been in the region of £100,000.

There were ten victims, boys and girls, all of which were college age when the offending occurred.

Investigating officer Detective Constable Ross Fleming said: “Fraud is the most commonly experienced crime in the UK, with no one type of victim.

“Fraudsters lie, cheat, manipulate and threaten victims to achieve their criminal goal.

“Therefore if something appears to be good to be true, it probably is.

“This case demonstrates how a seemingly innocent opportunity to make money fast for little effort can be much more sinister with extreme repercussions.

“Any offers of being able to make a lot of money for very little effort should be treated with caution."

Examples include:

  • Being asked to become a ‘personal shopper’ by taking out credit on mobile phones and other high value items
  • Responding to job adverts on social media which give little away about what the job entails
  • Being asked to pass money through your bank account or handing over control of your bank account to another person
  • Any credit agreement makes you liable for repayments and failure to do so could result in your credit report being affected.

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DC Fleming added: “We’re aware that incidents like fraud can have a huge impact on individuals, often causing victim’s to feel embarrassed.

“I would like to reassure anyone affected by fraud to report these issues without fear of judgement, and you will be supported and treated with dignity.

"As in this case we will  do our utmost to secure justice for you and stop others falling foul of a similar fate.”