East Sussex man sentenced to 12.5 years for £3 million fraud

Duncan Grant, 54, of Chillies Lane, Crowborough was sentenced at Lewes Crown Court on Thursday, June 1 having pleaded guilty on May 9 to a series of fraud and directorship offences.

Sussex Police said that over a period of six years, Grant orchestrated a complex and large-scale fraud operation, convincing numerous individuals to invest in his cash spoiling device company, Patronus, and in purchasing ATMs to recondition. This was a legitimate enterprise, however he invested only a fraction of the money he received into the company and did not purchase any ATMs. Of the approximate £3.8 million collected, just £549,000 was used by the company.

The rest of the money was used to fund his and his wife’s lifestyle of holidays, jewellery, and luxury £1 million plus rented homes and cars, police added.

Police said that Grant conned people into giving him money by befriending them and then latching on to something in common, whether true or fictitious, to build a closer relationship. He further used his parents’ illnesses to gain sympathy from his victims, claiming he needed financial assistance to care for them.

An investigation by Surrey Police and Sussex Police’s Economic Crime Unit (ECU) into Grant’s fraudulent activity began in December 2019 after several victim reports were made to Sussex Police. It revealed he had previously been bankrupt and changed his name twice before being made bankrupt again, all whilst acting as a director of 16 companies. Officers, analysts and partner agencies, including the Insolvency Service and HM Passport Office, worked through mobile phones, iPads, laptops, and around 2,500 emails and 3,000 paper exhibits to uncover the intricacies of Grant’s actions. The ECU were able to demonstrate the back and forth layering of the monies between Grant’s accounts, done in order to make tracing the routes of the funds difficult.

Grant was charged with 18 counts of fraud and 18 counts of directorship offences in October 2021 and has now been sentenced to 12 years and six months’ imprisonment.

Detective Constable Fleur Jones, of the Surrey and Sussex Economic Crime Unit, said: “This was a complex investigation where Grant had moved monies between many bank accounts in order to try to obfuscate where over £3million of victims’ money disappeared to. One of the things I felt was important was to be able to tell those victims exactly what their money was spent on by Grant. Between us, my team were able to trace the journey of each person’s money through numerous accounts and transactions until we found that it had been spent, amongst other things, on rentals for luxury homes, fast cars, jewellery, Rolex watches, holidays, and expensive meals in top restaurants.

“Grant lived a life that many could only dream of, using other people’s money that they had invested in him in good faith, thinking he was either using it to develop a business or that he was helping his elderly parents. In convicting Grant, we worked tirelessly to obtain justice for these victims, many of whom thought were his friend.”