Crooked estate agents are stripped of all they own
PUBLISHED: 16:12 04 November 2008 | UPDATED: 15:34 07 September 2010
By Ed Thomas TWO jailed Hampstead estate agents who fleeced a wealthy schizophrenic out of £500,000 have been stripped of their remaining assets - but their victim is still angry at his loss. Gem Shevket, 37, and Malcolm Green, 40, duped Marshall Davis ou
By Ed Thomas
TWO jailed Hampstead estate agents who fleeced a wealthy schizophrenic out of £500,000 have been stripped of their remaining assets - but their victim is still angry at his loss.
Gem Shevket, 37, and Malcolm Green, 40, duped Marshall Davis out of his inheritance while he was being treated for his illness in hospital.
The pair were jailed for five years in January after a trial. Shevket was ordered to hand over £34,500 in savings, while bankrupt Malcolm Green, 40, had to part with just £377 in foreign currency and a watch and signet ring valued at £715.
Green, boss of Greenfield's estate agency in Heath Street, and employee Shevket promised returns of more than £500billion if Mr Davis invested with them. But they stripped the 43-year-old of cash and shares, gold coins, jewellery belonging to his late parents and his late brother's stamp collection.
On Monday, Snaresbrook Crown Court heard Green still had £15,980 in Glaxo Smith Kline shares, which Judge Andrew Collender ordered be returned to Mr Davis. The court was told Green had seven days to arrange for a third party to hand over £715 or police would sell his Tag Hauer watch and a signet ring.
Mr Davis, of Dunstan Road, Childs Hill, is still angry as the amount goes nowhere towards the huge losses he incurred.
He said: "I lost between £400,000 and £500,000 and I'm going to get back only about £50,000. I am going to see if I can be further compensated via some kind of fraud protection scheme. But at the moment I am getting back only a tenth of what I lost''
More on this story in this week's Ham&High, in shops on Thursday.