Duncan Grant
Date not specified
Fraud *
Sentence
12 years and six months' imprisonment
Duncan Grant, 54, of Chillies Lane, Crowborough, orchestrated a complex £3.8 million fraud over six years through his company Patronus. He convinced individuals to invest in a cash spoiling device and the purchase of ATMs to recondition, but he did not buy any ATMs and only a fraction of the money was used for the business. The rest was spent on a lavish lifestyle including luxury rental homes worth over £1 million, fast cars, jewellery, Rolex watches, holidays, and expensive restaurant meals. He built relationships with victims by befriending them, latching onto common interests, and using his parents' illnesses to elicit sympathy. An investigation by Surrey and Sussex Police's Economic Crime Unit began in December 2019 after multiple victim reports; officers analysed thousands of emails and exhibits to trace the layering of funds across accounts. Grant had previously been bankrupt, had changed his name twice, and acted as a director of 16 companies. He was charged in October 2021 and pleaded guilty to 18 counts of fraud and 18 directorship offences.
Pleaded guilty to 18 counts of fraud and 18 directorship offences. Over six years, he collected approximately £3.8 million from investors for his cash spoiling device company Patronus and purported ATM purchases, but only £549,000 went to the business; the rest funded a lavish lifestyle of luxury homes, cars, jewellery, Rolex watches, holidays, and fine dining. He befriended victims and exploited his parents' illnesses to gain sympathy. Had previously been bankrupt and changed his name twice.