‘Wolf of Wimbledon’ fraudster sells home to repay victims

Jeffrey Revell-Reade was compared to Leonardo DiCaprio's character in The Wolf of Wall Street
Daniel Omahony24 October 2016
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The half-built dream home in south London of an Australian fraudster known as the ‘Wolf of Wimbledon’ has gone on the market to repay his victims.

Jeffrey Revell-Reade, 51, is serving a nine-and-a-half year sentence for fleecing investors of their life savings in a high level boiler room scam.

Like Leonardo DiCaprio in the 2013 film The Wolf of Wall Street, victims were conned into buying worthless, overpriced or non existent shares for him to splurge millions on fast cars, yachts, private jets and vintage wine.

Earlier this year he was ordered by a judge to repay more than £10m of the £69m he made - or face another 10 years in jail.

Now the home he started building in Wimbledon has gone on the market for £3.75million to help raise the funds.

Gloucestershire-based Revell-Reade started building the luxurious four-storey home in Wimbledon Village with six bedrooms, an indoor pool and a games room, all concealed behind a centuries-old listed brick wall to ensure privacy.

Plans that were approved by Merton council several years ago show that the 7,000 sq ft-plus palacial home was to have five bathrooms and a sauna.

But currently the half-finished dream home — designed in contemporary villa style — is in a sorry state, with scaffolding needed to support it, the 60ft-deep garden a wild jungle of growth and the basement pool full of rainwater.

To make the house habitable — it is essentially a concrete shell with no staircases, flooring, finished ceilings, electricity or fittings — will cost at least another £1.5m. It is expected to be worth £6.5million on completion.

Revell-Reade, who was extradited from Australia, was said to own a luxury flat in Melbourne, Australia, three apartments in Marbella, Spain worth more than £2.5m and four mansions in Wimbledon, south-west London including one worth £5m.

He was found guilty, along with Anthony May, 60, of South Norwood, Croydon, of conspiracy to defraud.

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