"A fraudster who dubbed himself "the Kardashian of Cheshire" has been jailed for six years after conning victims, including his own father and friends, out of thousands of pounds in a luxury handbag scam. Jack Watkin, 26, used an "outward persona of someone wealthy and well connected" to persuade his victims to loan him large sums of money to invest in the purchase of Hermes handbags which were then to be sold on for a profit."
"The investors were left out of pocket as Watkin used their cash to fund a luxury lifestyle which included running up a 140,000 bill at London's Dorchester Hotel. Watkin, of Alderley Edge, Cheshire, had no job and no income but spent 1.2 million between April 2019 and October 2021 before he was made bankrupt. He pleaded guilty at an earlier hearing to various counts of fraud totalling more than 195,000."
Jack Watkin, 26, posed as wealthy and well connected and persuaded victims, including his father and friends, to loan him large sums to buy exclusive Hermes handbags for resale. The bags were available only to select registered customers and carried high resale value. Victims lost money as Watkin used funds to fund a lavish lifestyle, including a £140,000 bill at the Dorchester, and spent £1.2 million between April 2019 and October 2021 before being declared bankrupt. He pleaded guilty to fraud totalling more than £195,000 and was convicted of possessing and making indecent images of children. Sentencing imposed four-and-a-half years for fraud and 18 months for the indecent images.
Read at www.independent.co.uk
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