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Friday, March 24, 2023

Mum of new Thai F1 driver is convicted fraudster


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Thai F1 Driver: The mum of the British ­Formula One driver tipped as the next Lewis Hamilton is a fraudster – jailed for a £7.5million car scam.

Race ace Alex Albon’s mother Kankamol, 47, got six years for swindling cash through a luxury motors pyramid scheme.

She sold Ferraris, Bentleys Bugattis and Rolls-Royces at discounted rates to investors with the promise of selling them on again for quick profits.

But most customers never got theirs – and one car was sold to two different people.

She used money from new victims to pay disgruntled customers – and persuaded others to “roll over” profits.

Victims lost houses and businesses but Kankamol owned a £4 million country pile in Essex with its own moat.

Threw money around
The mum of five also spent £10,000 a year sending her children to private school.

Kankamol – estranged from Alex’s dad Nigel – was arrested in 2008 after going bust.

She admitted false representation and cheating the public revenue.

Jailing her at Ipswich Crown Court in 2012, Judge Rupert Overbury called it a “massive, greed-driven fraud. You persistently defrauded investors.

“The majority never saw a car.”

Det Con Adrian Finbow of Suffolk Police said later: “Her sole motivation was excessive greed – the desire to buy luxury goods and live an opulent lifestyle.”

Her house was repossessed and police even sold off her Mulberry handbags to claw back £60,000.

Alex, 22, rose from kart racing to Formula 2 and last week joined Red Bull’s Toro Rosso team for the 2019 F1 season.

He said: “I really don’t think there are words to describe how excited and proud I am. To be given the opportunity to be in F1 is surreal.”

The London-born racer drives under the flag of his Thai mum, who he lives with in Milton Keynes, Bucks.

Last night Kankamol said: “No comment.”

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