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Home > Regulation > UK Regulation

By Ashley Wassall | Published Sep 13, 2012

OFT brings charges against trio over property sales fraud

The Office of Fair Trading has brought charges against three individuals over alleged breaches of the Fraud Act 2006 in relation to property transactions, according to an official statement from the watchdog.

The three individuals - Thomas Kelly, 32, Samantha Kelly, 28, and Andrew Butts, 28 - will appear before Sandwell Magistrates Court on 1 October 2012.

OFT stated that the proceedings against the trio are “at an early stage” and that “no assumption should be made that any of the individuals are guilty of any offence”. It stated that the charges relates to “a number of alleged offences under the Fraud Act 2006” but declined to give any further detail on the nature of the offences.

According to the OFT statement, offences under the Fraud Act are punishable by up to 10 years’ imprisonment, as well as by unlimited fines.

While the OFT does not regulate the mortgage market, it does monitor property sales and related estate agent activities as part of its consumer remit.

Earlier this year the watchdog referred the private healthcare market to the Competition Commission for further investigation, highlighting a lack of comparisons of costs of services and high concentrations of providers in certain areas.

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