Foreign exchange fraud: Camden FX boss Wayne Watkins jailed for stealing £90,000 of customers’ holiday money

Wayne Watkins. Picture: Met Police

Wayne Watkins. Picture: Met Police - Credit: Archant

A Camden Town fraudster who nicked the holiday money of customers at the foreign exchange business he ran in Parkway in order to feed drink, drugs and gambling addictions has been jailed for 28 months.

Wayne Watkins, 47, took over the Camden FX business form his father and promptly used it to defraud 76 people of around £90,000.

The company offered a service taking cash transfers as orders for international currency which would then be delivered by courier. But rather than delivering, instead Watkins would, the court heard, use the cash to fund his addictions.

He was convicted of fraud by false representation after he changed his plea to guilty before the case went to trial.

Sentencing, Judge Saraj Munro QC described the victim impact statements provided to the court as "tragic reading".


You may also want to watch:


Afterwards, the Met Police's Det Const Simon Ardeman said: "Dozens of people were defrauded by Watkins. I hope that this sentence gives the victims, who endured considerable financial loss, stress and inconvenience, a sense of justice."

Most Read

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus