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If a penniless lorry driver from Yorkshire, whose mbt shoesproperty portfolio doesn’t even include a house, offers to sell one of London’s most luxurious hotels for £350m less than its value, the deal might sound too good to be true. And so it proved for the wealthy developers hoodwinked by Anthony Lee, who was jailed yesterday for five years for what a judge described as an “elaborate and outrageous scam”.That was, if anything, an understatement. Lee had never completed a property sale in his life but his audacious attempt to “sell” the Ritz hotel got so far he was able to extract a £1m deposit from the buyers he had lined up for the London landmark.Lee’s plan, which he codenamed Project Notting Hill, began in 2006 when he contacted Karen Maguire, a director of Property-Source , a company specialising in finding properties for private clients.Lee claimed he was a “close friend and associate” of the reclusive billionaire brothers, Sir Frederick and Sir David Barclay, the owners of the prestigious hotel in London’s Piccadily district, and that he planned to buy the Ritz for £200m.The self-proclaimed “straight-talking Yorkshireman” said he wanted to then sell the hotel for, in the words of the prosecuting barrister, Anuja Dhir QC, “the bargain price of £250m”. The lorry driver told Ms Maguire he would split the £50m profit with her if she found a buyer.

But the Barclays had never heard of ed hardy AccessoriesLee and were unaware he was claiming to be able to sell the hotel, which they had bought for £80m in 1995 and was, at the time, valued at between £450m and £600m.Unaware of this, Ms Maguire put Lee in contact with Terence Collins, a London-based property developer. Mr Collins agreed to buy the hotel for £250m and planned to sell it to Marcel Boekhoorn, a property magnate.With a chain of investors in place, Lee demanded a £1m deposit. When the money was paid into an Irish bank account in Lee’s name the deal, perhaps unsurprisingly, hit a snag.Ms Dhir told the court: “In that competitive world of secret multimillion-pound deals, some people are prepared to take risks that might seem breathtaking to most of us. Millions of pounds can be made and lost on transactions for trophy properties like the Ritz. What sets this transaction apart from most is that it was all based on one great big lie.”Last month, Lee, an undischarged bankrupt who had a police caution for theft and was behind juicy couture bootswith his rent at the time of the scam, was found guilty of obtaining the £1m by deception.Judge Stephen Robbins said yesterday: “You were found guilty by a jury of this elaborate and outrageous scam. This con or scam or sting, whatever term is used, was probably motivated by y our mistaken belief that Terry Collins had deprived you of another potentially lucrative property deal and it may be that this offence was done out of revenge.”