Property managers steal $5.5 million in rent and utility payments to live in luxuryBy Mason White 11:25 AM December 5, 2014
|Gerald Porter (left) and Gibrilla Kamara|
By: Chan Yuan
Several property managers were arrested, charged and convicted for stealing million of dollars in rent to finance their luxury lifestyles, prosecutors in the United Kingdom said.
A property manager from Wimbledon, who spent $5.5 million of stolen tenants’ rent and utility payments on donations to rugby clubs, private education for his children and trips around the world for his family and friends, has been jailed for five years and banned from being a company director for 10 years.
Gerald Porter, 52, of Dunsford Road, Wimbledon, was convicted of theft, but his wife, Jacqui Porter, 50, of Abingdon Close, Uxbridge, Middlesex, was found not guilty of concealing or converting the proceeds of a crime at the Southwark Crown Court.
A second man, Gibrilla Kamara, 38, of Crane House, Grummant Road, SE15, who was employed by Gerald Porter as a bookkeeper, had previously been jailed for three years and banned from being a company director for seven years at the Southwark Crown Court, after he pleaded guilty to conspiracy to steal.
In 2004, Gerald Porter was employed as director of Greenfield Property Management Limited (GPML), which is part of Comer Group. GPLM oversaw North London Business Park in Barnet.
He was on a $94,000 per year salary, and his role included collecting rents, utilities and service payments for the offices. However, over six years, instead of paying the money to Comer Group, he used it to pay for a lavish lifestyle.
He went on luxury vacations, such trips to Hong Kong, Australia, New Zealand, and the U.S., with family and friends. He also bought expensive new clothes for his friends.
Gerald Porter sometimes traveled by helicopter, and held lavish garden parties.
He sponsored the Wasps and London Scottish Rugby Club. Gerald Porter – an avid rugby fan – donated money to players and towards awards ceremonies.
He spent for private schooling for his four children at St. Benedict’s in Ealing. He owned luxury cars including a Bentley and Range Rover.
The MPS Fraud Squad started to investigate him after Comer Group discovered Gerald Porter’s criminality and reported it to the police.