• STV
  • MySTV

Jail for £1m fraudster whose father was shot at casino

Antony Demarco borrowed money from loan sharks he could not repay, then used his financial business to carry out a major theft.

Tony Demarco: Survived despite being shot in the head at point blank range.
© Ciaran Donnelly

The gambling addict son of a businessman gunned down outside an Edinburgh casino has been jailed, after admitting a £1m fraud.

Edinburgh Sheriff Court heard Antony Demarco borrowed money from loan sharks he could not repay, resulting in his father being shot. Incredibly, 64-year-old Tony Demarco survived, despite being blasted at point blank range outside the Maybury Casino in June 2008.

Four men, Imran Sakur, 35, Jamie Robertson, 25, Craig Kelbie, 35, and Francis McGlone, 39, were jailed for a total of 43 years for their parts in the plot to kill Mr Demarco following a trial at the High Court in Edinburgh in January.

His son, 37-year-old Demarco, was a self-employed finance broker who held a licence issued by the Office of Fair Trading. He formed his scam by applying for loans secured against assets that did not exist and, as an approved asset finance broker, made and submitted false applications for credit loans.

Fiscal depute Gerard Drugan told the court Demarco was snared by a fraud investigator at the Royal Bank of Scotland and was then investigated by Lothian and Borders Police. The court heard when he was interviewed he made full and frank admissions to the police.

The father-of-two from Danderhall, Midlothian, admitted carrying out the scam and obtaining credit loans and commissions amounting to £1,000,000 between July 2008, and July 2009.

Demarco's defence lawyer Joe Mooney said: "Unfortunately he made the decision to borrow some money from the money launderers in January 2008, shortly before his father was shot and he could not repay that. Various threats were made culminating in the shooting of his father in the head.

"He almost knew he would be caught. If his father had not been shot he would not have become involved in these activities and trying to repay the money launderers. He had always been involved in gambling but he had never had to resort to anything like this or anything improper.

"He gambled from the proceeds of what he earned in his business. The family have had to rally around to deal with the implications for his father, who was really an innocent in all of this."

Mr Mooney added Demarco was being pursued through the civil courts for the money owed, but was bankrupt. He added that substantial sums of money were repaid subsequent to the shooting.

Mr Mooney also appealed for Demarco, who the court heard is attending Gamblers Anonymous, to be placed on bail, insisting he had adhered to the conditions so far including surrendering his passport and signing on at a police station every Friday. He also submitted a reference letter from Demarco's employers when he first started his high flying career in asset finance as well as from the family solicitor.

The court heard Demarco left the Bank of Scotland in 2004 to set up himself and was given a direct line of credit from Lombard and Royal Bank of Scotland. Mr Mooney described him as having "something of a reputation in the industry".

However, Sheriff James Scott refused bail and deferred sentence for background reports until later this month. First offender Demarco was remanded in custody.

His father, who previously told a court he still had a bullet lodged in his cheek following his shooting, declined to comment as he left court.

One account. All of STV.

This field is required. That doesn't look like a valid e-mail format, please check. That e-mail's already in our system. Please try again.
ShowHide
Forgot password?
This field is required. This must be at least 6 characters long. Did you enter your details correctly?
If you've forgotten your details then use the 'Forgot password?' link.
Need to reset your password?

We'll send a link to reset your password to

We've sent you details on how to reset your password

Please check your email and follow the instructions.

Forgotten your email address?

Have you forgotten the email address that you previously joined with? Don't worry, by emailing enquiries@stv.tv we can help.

One account. All of STV.

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This must be at least 6 characters long.
ShowHide
This field is required. This must be at least 6 characters long.
You must be over 16 to join STV.
This field is required. This doesn't appear to be a valid date
We need this to check that you live in an STV region.
This field is required. This doesn't appear to be a valid postcode
Would you like us to email you about our great shows and services from time to time?
We'll only send emails we think you'll like (see example) based on information you have supplied and shows you have watched on STV Player. For details on emails and advertising, see our STV & You page.
Would you like to receive emails from the Scottish Children's Lottery about draws, instant games and competitions?
We support the Scottish Children's Lottery (SCL), which is managed by our colleagues at STV ELM Ltd. You can find out more about the SCL on its website, including its Privacy Policy.

By continuing you agree to our Terms of Use, and understand our Privacy and Cookie Policies.

Upload Profile Picture

Please make sure your image is under 2mb in size and a valid JPG, PNG or GIF.

Are you sure?

Unfortunately, you'll be unable to access our premium content. We’ll be sorry to see you go, but if you change your mind you can rejoin us at any time.

Please verify your STV account

Please verify your STV account using the email we sent you. If you have lost the email, we can send you another one, just click the button below.

Thanks

We've sent you a new verification email.
Please check your email and follow the instructions to verify your account.

Welcome to STV
Thanks for joining us.

Oops!

Sorry, you must be at least 12 years old to place a vote for your Real Hero.

Please review our Voting Terms of Use for more information.

Oops!

Sorry! It seems that you are using a browser that is incompatible with our voting service.

To register your vote please copy the below URL in to your regular mobile browser. We recommend Google Chrome, or Safari.

http://shows.stv.tv/real-heroes/voting

Oops!

Sorry, you seem to have already voted in this category.

Thanks for voting

Now share your vote with friends on your social network

Share on twitter Share on facebook

Cast your vote

Please register or sign in to continue.

Cast your vote

This field is required. This doesn't appear to be a valid date

Cast your vote

Please fill out this form to cast your vote. As you are under 16 years old you will not create an STV account. Why do we need these details?

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This field is required. That doesn't look like a valid e-mail format, please check.
Location This field is required.
Parental Consent This field is required.

That's you. All that's left is to click the 'Submit Vote' button below. By doing so, you confirm that you and your parent or guardian have read and accept our Voting Terms of Use, Privacy Policy and Cookie policy, and that the details you have entered are correct. We'll look after them as carefully as if they were our own.