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London Lawyer Jailed Over Fraud That Funded Luxury Lifestyle

Feb. 7 (Bloomberg) -- A former U.K. lawyer was sentenced to four years in jail for false accounting in a 2.8 million-pound ($4.4 million) fraud that helped fund a lavish lifestyle of yachts, cars and multiple homes. He was also convicted of forging letters to try to receive a civic honor.

Nathan Andrew Iyer, an ex-lawyer at Ince & Co., set up bogus companies, created false invoices and opened bank accounts over 12 years to help fund his spending, the Metropolitan Police Service said in a statement.

“Iyer displayed an astounding degree of audacity,” Mark Cross, the investigating police officer, said in an e-mailed statement. “He abused his position as a solicitor and partner of his law firm to defraud the company and its clients out of millions of pounds, in order that he could live a flash lifestyle.”

Faye Lynam, a spokeswoman for Ince & Co., said all clients affected by the fraud had been reimbursed. Iyer, 46, also tried to receive the Order of the British Empire by writing fake letters to the Department of Health, claiming he had raised millions for a cancer charity, police said.

U.K. civic honors are awarded to well-known names and members of the public who are deemed to have made a major contribution to British society.

The Crown Prosecution Service declined to give details of Iyer’s lawyers in the case.

To contact the reporter on this story: Jeremy Hodges in London at jhodges17@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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