Fraudster Takes More Than £650,000.

Rizwan Butt of Manchester Road, Denton, was found guilty of two counts of fraud by false representation and one count of money laundering.

At Manchester Crown Court today, Friday 20 December 2013, he was sentenced to three and a half years.

The victim is a European businesswoman and chief executive of a European investment company.

She and her business partners were seeking investors to enable the company to become FSA registered in the UK.

Pc Jane McHale, from GMP’s Volume Fraud Team, said: “There is no doubt that Butt can talk the talk and walk the walk.

“He lived in a modest home and had a registered company with minimal assets, but played the role of a man with international business connections worth billions of pounds with apparent ease.

“So convincing was his portrayal, that he was able to dupe a number of highly successful and experienced business people out of huge sums.

“His assets have been frozen and now that he has been convicted we will use the full force of the law to recoup as much of the stolen money as possible.”