All estate agents should beware that conman Keith Fryer appears to be operating again.
Fryer seems to have resurfaced in Herefordshire, this time calling himself Derek Fryer of National Locations, which has the following address: National Locations, Property Relocaters, Dept 462, Manchester, M45 0DU.
The name on the letterhead is GK Fryer. The phone number given is 01204 794370 and the fax is 01204 704380.
Although Fryer has now apparently turned up in the Herefordshire area, agents everywhere in the UK should be on the alert.
Fryer’s modus operandi is to put in an offer for a property, saying that he will produce a buyer for it. He then asks for a ‘processing’ fee.
Fryer has previously traded as Capital Funding and possibly as Equity Relocations. Despite some four years ago being marched by the OFT to the High Court where he had to promise that he will not make misleading representations to home sellers, Fryer has since been spotted in a number of areas, up to his old tricks.
Fryer, whose previous businesses Unity Investments and Equity Options were wound up by the DTI in 2004, specifically promised the High Court not to mislead sellers into thinking that he has made an unconditional offer on their home, when in fact his offer is conditional on him finding a third party to buy the property.
Fryer then charged sellers a ‘processing fee’ of £392, said to be refundable on completion of the purchase.
However, the OFT said that Fryer had provided no evidence of a sale proceeding to completion.
Friar also had to promise not to say that his business is a company.
However, Friar’s encounter with the High Court does not appear to have stopped him operating the same old sting.
In the latest case, he targeted a reputable independent agent and offered on a property. He then wrote directly to the seller once the offer was accepted, asking for £395 (a slight rise since we last reported on his activities, but that’s inflation for you) as the familiar processing fee.
Fortunately, the seller told the agent and the agent spotted that the fax number was the same as we had previously warned about.
Fryer has served time for a scam in America, and is in his late sixties.