A callous fraudster has been ordered to pay back just £1 after conning his friends, colleagues and ex-partner out of £113,513 in a fake investment scheme. Matthew Normyle, 41, invited seven people to invest in his boiler business, which he claimed would ensure them modest returns after 90 days, whilst he was living in Rochdale.
However, he repeatedly came up with excuses when he was due to pay them back, and his investors were left massively out of pocket, Manchester Crown Court heard. Over the course of two-and-a-half years, he took a total of £113,513.26. He did pay back one friend to the tune of £10,000 as they had fallen into financial difficulty, but that was shy of £15,000 of what they had already given him.
Normyle, of Lord Street, Morecambe, was jailed for two years and 10 months in January this year after pleading guilty to eight offences of fraud by false representation. Now, following a Proceeds of Crime Act hearing, he has been ordered to pay back just £1.
