Maidenhead man in court over alleged £1.2m insurance scam
42-year-old Rajesh Ghedia allegedly said he would be dead within a year
A former Bank of America employee from Maidenhead has been remanded in custody accused of falsely claiming he had terminal cancer in an alleged £1.2 million insurance scam.
Rajesh Ghedia, 42, allegedly said he would be dead within a year, faking medical documentation and letters from a consultant to back up the diagnosis, after he lost his job at the firm.
He is charged with 10 offences, including six counts of fraud and four of making an article for use in a fraud, over the claims between October 2020 and May last year.
The charges allege Ghedia falsely claimed to have been diagnosed with pancreatic cancer and said that it was likely he would only live for another year at the most in a scam worth £1.2 million.
He is accused of producing fake medical documentation and letters from Dr Nick Maisey, a consultant oncologist at the London Clinic, a private hospital in central London.
Judge Martin Griffith remanded him in custody at Southwark Crown Court on Tuesday ahead of his next appearance on February 25.
Ghedia was previously granted bail after he appeared at the same court last year charged with 22 counts of fraud between 2017 and 2020, while he was working at Bank of America as a project leader.
He allegedly made fraudulent claims about his position at the company, including that he was a vice president, to convince people to invest in non-existent financial products with the bank and Goldman Sachs.
Alleged victims are said to have lost a total of £600,000 after being told they could double or triple their money over a short period of time.
Ghedia, of Maidenhead, in Berkshire, is yet to enter pleas to any of the charges and a provisional eight-week trial has been scheduled for February next year.