A Chinese takeaway delivery driver claimed £24,000 in bank and payday loans fraudulently in his wife’s name so he could clear his gambling debts, a court heard.
Over the course of nine months Tommy Tang, of Harborne Court, Milton Keynes, successfully secured four loans from banks and a building society and a further two from payday loan firms.
Bespectacled Tang admitted all the offences when he appeared in court charged with six counts of fraud.
His defence barrister said up to nine further matters would also be taken into consideration prior to sentencing.
A judge at Aylesbury Crown Court heard Tang’s offending started when he successfully applied for a loan from Payday Express, an online short-term loan company, on January 11, 2014.
He made the application in the name of his wife, Kit Ching.
The 64-year-old then applied for loans from Tesco bank on February 25, Nationwide Building Society on March 3 and Sainsbury’s Bank on March 19.
Tang then made a second application for a loan from Nationwide on July 18, before taking another payday loan from Satsuma Loans on September 30. Each was made in Mrs Tang’s name and the defendant was successful in each of his fraudulent applications, obtaining a total of £24,000, the court heard.
Tang pleaded guilty to six counts of fraud when he appeared in court on Monday. (Jan 4)
Nigel Ogborne, prosecuting, said: “This is sustained fraud over a period of time.
“The method wasn’t complicated – he just goes in and opens accounts up in his wife’s name, and the monies are paid thereafter.”
He added that Mrs Tang was completely oblivious to what her husband was up to.
Mr Ogborne said: “She has forgiven him and the parties are now back together.”
Matthew Shaw, said: “He did so to meet debts accrued as a result of online gambling. There was credit available for £24,000 – that money hasn’t been paid back in full, but £4,000 has been paid back so far.
“He is currently paying back £1,000 a month and expects to repay it within two to three years.
“The defendant has two extra jobs to pay back the money. He is working as a delivery van driver for a Chinese restaurant and as a leaflet distributor.”
Mr Shaw said there are a total of “15 separate matters” relating to Tang’s offending and the court would be asked for further offences to be taken into consideration when the defendant is sentenced on January 25.
Judge Francis Sheridan set Tang a bail condition that he is not allowed to apply for any form of loan without giving prior notification to prosecutors.
Tang is to be sentenced at a later date.