A BANKRUPT man has admitted running two businesses under false names and dishonestly claiming to have won the Queen’s Award for Exports.

Patrick McGarry pleaded guilty to two frauds in which he also claimed to be a wealthy property owner and to have a PhD from London University.

He also admitted engaging in a business as The Watchman at Tavistock Pannier Market under another name while bankrupt.

McGarry, formerly of Tavistock and now living in Falmouth, admitted two frauds, two offences of failing to disclose property or earnings while bankrupt and one of engaging in a business in another name.

The prosecution accepted his not guilty plea to a further count of fraud in which he was alleged to have claimed to have £12-million in a Halifax account and $237 million dollars in an account at the Chase Bank.

The fraud charges which he admitted specified that he made a series of false and misleading representations. These are that:

He obtained a BSc in mechanical and electrical engineering in 1979.

He received a PhD from London University.

He won the Queens Award for Exporting and Technology in 1988-9.

He was a millionaire who owned property in Cornwall.

He was a medical doctor.

The count of engaging in a business under another name specified that between March 24 2015 and July 16, 2015, he traded as The Watchman at the Pannier Market in Tavistock without disclosing this name to his adjudicator in bankruptcy.

 The two counts of failing to disclose property related to McGarry not telling the receiver he had a pension with Zurich and payment for work done for another company.

Recorder Miss Anna Midgley adjourned sentence until January, ordered a probation report and released McGarry on bail.

Mr Adrian Chaplin, defending, said McGarry was now suffering from significant ill health after suffering a stroke.