Two Keighley men who made £167,000 from a ‘crash for cash’ scam have been ordered to pay back just £1 each.
Bradford Crown Court heard that 32 year old Israr Hussain and 31 year old Shazad Shad made £167,246 from 300 bogus road accident claims over a three-year period.
Between 2011 and 2014 Hussain and Shad, both from Keighley, set up hundreds of false car insurance policies using stolen identity documents and registered them to vehicles which the ‘policyholder’ had no insurable interest.
Stolen credit card details – many of which were taken from elderly and vulnerable women - were used to pay the premiums and false bank account details were provided to cover the direct debits.
The fraudsters then proceeded to submit details of false road traffic collisions to insurance companies, enabling them to making claims against the policies they had created.
These claims were sold on to solicitors firms with the gang, posing as claims management companies, receiving personal injury referral fees.
In total seven bank accounts were used to launder the £167,246 worth of referral fees, which were held in the names of different members of the gang.
Some of the money was transferred directly into a separate account and was used to pay Israr Hussain’s mortgage.
The fraud started to unravel when Quinn Insurance and the Insurance Fraud Bureau made referrals to IFED in 2013, which subsequently launched a criminal investigation.
The former neighbours pleaded guilty last August to committing fraud and conspiracy to money-launder, between January 1, 2011, and February 28, 2014 and were both jailed for four and a half years.
After an investigation of the two’s assets Judge Peter Benson could only impose a nominal order of £1 each on Hussain, of Spencer Street, Keighley, and Shad of Edensor Road, Keighley and they have 28 days within which to pay the sum.

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