A Wembley fraudster who laundered millions posed as a city trader and enjoyed a lavish lifestyle, has been jailed for 14 years.
Portuguese national, Luis Nobre, 49, of King George Crescent, Wembley, was found guilty of one count of acquiring criminal property, five counts of transferring criminal property and three counts of possession of articles for use in connection with a fraud on Friday (February 5), following a trial at Southwark Crown Court.
Nobre enjoyed five star hotels, private security, concierge services, clothing and hairdressing from laundering €100 million (£86 million).
The case arose from a fraud perpetrated in 2011 on a Dutch shipping company, Allseas SA, which was trying to raise capital to fund the building of a ship.
The fraudsters posed as international financiers with access to vast, secret investment opportunities and connections to the Vatican and the Spanish House of Aragon. They were able to persuade Allseas to transfer €100 million into Nobre’s control.
Nobre then transferred the sum to the account of a firm of London solicitors called Notable Services LLP.
12 million Euros spent
He went on to make a series of transfers from the account until the sum was frozen by police and Barclays Bank with around €88 million remaining.
This led to police seeking an ‘application for restraint’ which was settled at a hearing at the Central Criminal Court in December 2011.
An investigation was launched by the Met’s Criminal Finance Team and Nobre was arrested on December 3 2011 at Heathrow Airport . At the time of arrest Nobre was in possession of a quantity of fake banking documentation, holding billions of dollars and euros.
Nobre was released on bail whilst enquiries continued and was re-arrested in May 2012.
Investigators believe that £2.4 million was laundered through accounts in Switzerland, Singapore and Cyprus, with the aid of co-accused Kadurugamuwa and Nadeem Khan, who died before the trial.
Buddika Kaduragamuwa, 46, of Wood Lane, Barnet, was found guilty of one count of transferring criminal property. She will be sentenced on 4 March at the same court.
A total of €88m has been returned to Allseas SA. The remainder was spent by Nobre on a lavish lifestyle that included five star hotels, private security, concierge services, clothing and hairdressing. He also used the cash to pay off debts.
As well as his 14-year prison sentence, the court disqualified Nobre from being a director of a company for 15 years - the maximum term that a person can be disqualified from being a company director.
Temporary Detective Chief Inspector Paul Riordan of the Pro-active Money Laundering and Criminal Finance Development Team, said: "Nobre posed as a man of great wealth in order to dupe others into giving him exceptional amounts of money for bogus investment schemes. In reality, his lifestyle was paid for by defrauding others.
"This was a complex and protracted fraud with subsequent international money laundering. The resultant investigation has been particularly challenging. I would like to pay tribute to the tenacity of my officers for its successful outcome.
"Today’s significant sentence puts Nobre behind bars where he can reflect upon his actions."
Following the sentencing, the judge commended officers from the investigation for their diligence and attention to detail.