Harvard-educated lawyer, 69, 'swindled millionaire friend out of £۲m''

A lawyer fleeced a millionaire out of £۲million to blow in top casinos, a court heard today.

Harvard-educated Tim Damiani, 69, Lawyer Law Firm istanbul Turkey Law Firm Turkey istanbul persuaded Aysun Kibar to invest £۱٫۵million in a luxury home she had never even seen in Mayfair, jurors heard.

But when she asked for her money back he told her he had no idea what she was talking about.

Ms Kibar’s family own the Turkish export company Kibar Holdings where she is on the board of directors.

Ms Kibar and Damiani’s wife were close childhood friends who met when they were 13 and grew up together in Turkey.

Prosecutor Sophie Stannard told Southwark Crown Court: ‘She comes from Turkey and was born into a very affluent family.

‘She is able to travel the world, to different parts of Europe frequently and she has shares in her family’s business.

‘She has an annual income of 300,000 US dollars [£۲۵۵,۰۰۰] per year.

‘Even though she lives this quite cosmopolitan lifestyle she has been brought up in Turkey and resonates with the country’s values.

‘Her wealth is the sort of wealth that if you ask someone to do something for you it is done.

‘In Turkey it is rare for a woman to have direct contact with a married male.

‘As Ms Kibar understood it, the defendant came from an affluent family and he was very well connected.

‘He was a lawyer and went to Harvard. Ms Kibar visited Mr Damiani and his wife in Milan and Law Firm in istanbul Turkey Switzerland and Cambridge and as far as she was concerned they were her good friends and she had no reason not to trust them.’

During the visit to Cambridge in 2016 she told Damiani she was considering obtaining UK residency due to the unrest in Turkey at the time.

Damiani told Ms Kibar he had ‘plenty of experience’ in making applications for British residency and he would help her.

He told her he could get her a discounted fee of £۳۰۰,۰۰۰ and would sort out British passports for herself and her two children.

Ms Kibar made three separate payments of £۷۵,۰۰۰, £۸۰,۰۰۰ and £۱۵۰,۰۰۰ to Damiani’s bank account, between April and June 2016.

The extra £۵,۰۰۰ was paid after Damiani encouraged her to set up a trust so she could make property investments in a ‘tax efficient way’.

She flew out with her family to Cannes with Damiani and his wife where they all dined together on July 21, 2016, the court heard.

Ms Kibar again expressed her worries about the unrest in Turkey and Damiani suggested her family should apply for Italian passports, saying a friend called ‘Giuseppe’ could help.

Damiani sent a WhatsApp message to Ms Kibar on September ۸, ۲۰۱۶ that read: ‘Things will be ready tomorrow spoke to my friends in Rome they asked me about the rest of the family.

‘I said too expensive.They said they can do everything for £۸۰,۰۰۰, for £۴۰,۰۰۰ they can’t do more than 10 people.’

The prosecutor said: ‘In essence the Crown says the defendant was saying he had spoken to connections in Rome and as long as they were dealing with at least 10 people they could deal with the whole application for £۴۰,۰۰۰٫’

Ms Kibar transferred another £۲۰۰,۳۱۳ to Damiani in return for the Italian passports, Law Firm in istanbul Turkey that she never received, jurors heard.

She also discussed investing in properties and Damiani told her of an ‘amazing opportunity’ for her, the court heard.

‘He had an exceptional property that an Arab man was selling and said they could invest in it together,’ Ms Stannard said.

‘The owner was an important man who needed to sell the property quickly because the relationship had broken down with his mistress.

‘He could get the property for less due to the need for selling quickly.

‘When they met, the defendant showed her the property on [28] Charles Street in Turkey Lawyer Mayfair,’ said Ms Stannard.

‘Due to an internal inspection he said they couldn’t view property just yet, it was a very delicate issue due to the mistress, however he had all matters in hand.’

Damiani convinced Ms Kibar to invest £۱٫۵million into the property – now valued at £۱۲٫۶million – and Ms Kibar subsequently transferred the money to Damiani’s account on 29 September 2016.

Ms Stannard told jurors ‘a few weeks went by and Ms Kibar became concerned that she had heard nothing more about the passport or completion of property.’

‘Ms Damiani did her own research and realised the property was worth way more than said and discovered the property was linked to Mr Damiani’s brother.’

On 11 November Ms Kibar emailed Damiani asked him to return her money and asked for it to be transferred to her Turkish bank account.

Damiani told Ms Kibar she would have her money in 2-3 days, the court heard.

‘Unsurprisingly she didn’t have her money in 3 days,’ Ms Stannard said.

After months of messaging Damiani with no response Ms Kibar’s bank wrote to the Lawyer Law Firm in istanbul Turkey on 25 January 2017 asking where her money was.

‘Mr Damiani replied saying he didn’t know what Ms Kibar was talking about, how she owed him money and he was no longer a British resident,’ Ms Stannard said.

‘Mr Damiani has squandered away Ms Kibar’s money, istanbul Turkey Lawyer Law Firm Mr Damiani had dissipated Kibar’s money and spent just shy of half a million in casinos, gave £۷۶,۵۰۰ to his children and not a single penny returned to Ms Kibar.’

Damiani, of Muswell Hill, north London, denies three counts of fraud.

He was extradited from Italy in 2020 following a request from the UK government.

The trial continues.