3/7/2024 0 Comments Arrow symbols for instagramThe court was told how many of the victims had taken out loans to pay for the initial franchise fee or used life savings. Impact on vulnerable peopleĪ source close to the case told The Courier previously that vulnerable single mothers, an ex-military man and young people starting out in their careers were among those swindled by Daud. He was given a 22-month suspended sentence for two years. The court heard Raybould earned in excess of £10,000 in commission payments. He pled guilty to false representation under the Fraud Act 2006 and fraudulent trading under the Companies Act 2006. “It wasn’t just a monetary value.” Second manĬo-defendant Anthony Raybould was the first franchise licence holder but began working as a salesperson for Payrolls Direct, with the council saying he made false representations to victims about his earnings and having many clients. “They invested a lot of time and made decisions that affected their families. He had advertised franchise licences for a new cloud-based payrolls system, which he was selling for between £5,995 and £9,995.įranchisees would sign up clients and process payroll for each employee of participating companies and Payrolls Direct would take 20% of the fee, with the franchisee keeping the rest. Leicester Crown Court heard previously Daud was the sole director of Payrolls Direct Limited, which he set up in 2014. The prosecution against Daud was brought following a probe by Leicestershire County Council’s trading standards team, which received statements from 18 victims.ĭaud, who was brought up in Dundee, was thought to have earned more than £300,000 in franchise licence fees.Īlthough the search for him had involved Police Scotland, he was eventually traced in Leicestershire. The 59-year-old was also ordered to pay prosecution costs of £30,046 and his company, Payrolls Direct Ltd, was fined £973,000. He was arrested on October 25 last year and remanded to await sentencing.ĭaud, formerly of Landseer Road, Leicester, appeared in court on Wednesday and Judge Ebrahim Mooncey jailed him for four years and banned from being the director of any company for 15 years. Copy link A decentered black square over a white square.Ī major fraudster from Dundee has been jailed after going on the run before his trial more than a year ago.Ī judge issued a warrant for Nazir Daud’s arrest in December 2022 after he was found guilty in his absence at Leicester Crown Court of selling fraudulent franchise licenses to victims across the UK. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Facebook Messenger An icon of the Twitter app logo. Facebook Messenger An icon of the facebook messenger app logo. Loading Spinner An icon of a loading spinner. Success Tick Timeout An icon of a greyed out success tick. Information An icon of an information logo. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Video Camera An icon of a video camera shape. Previous An icon of an arrow pointing to the left. Notice An explanation mark centred inside a circle. Next An icon of an arrow pointing to the right. Hamburger Menu Icon An icon used to represent a collapsed menu. Search Icon A magnifying glass icon that is used to represent the function of searching. Magnifying Glass An icon of a magnifying glass. Comments An icon of a speech bubble, denoting user comments. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Breaking An icon of an exclamation mark on a circular background. Pause Icon A two-lined pause icon for stopping interactions. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Is Public An icon of a human eye and eyelashes. Telephone An icon of a traditional telephone receiver. Profile An icon that resembles human head and shoulders. Linked In An icon of the Linked In "in" mark. Facebook An icon of the Facebook "f" mark. Caret An icon of a block arrow pointing to the right. Cancel An icon of a circle with a diagonal line across.
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