Belfast solicitor may face jail after all

There is another attempt to jail the Belfast solicitor that originally received a suspended 4 year sentence in November of 2009 for mortgage fraud of £445,000.

Breaking an injunction by drawing on a pension fund, Philip Krown may be jailed for contempt of court by the Law Society. After having it put into an account on Isle of Man, he either spent it or hid it says the High Court. In order to allow Krown time to hand over details of any foreign account, the trial was adjourned Tuesday in Belfast.

The police seized over £15,000 in London from a safety deposit box to go on a hedonistic adventure, Krown siphoned funds and was struck of the roll as a lawyer after having run a successful practice.

His remortgaged home in County Down is where the fraud was done. The remortgage funds were spent instead of paying off an existing loan. Some of the money was spent at the London’s Ritz Hotel and to pay for the hedonistic adventure.

The Law Society has power of attorney over his financial affairs and said that he breached an injunction by drawing down the pension fund.