A former mayor of North Lincolnshire has been found guilty of nine counts of fraud and theft.
Jawaid Ishaq, 72, from Scunthorpe, forged a power of attorney document in order to gain control of shares and a bank account owned by a friend, his trial at Sheffield Crown Court heard.
Ishaq, who was a Labour councillor in Scunthorpe for more than 30 years and an MBE, will be sentenced on Friday.
He was cleared of five charges on the direction of the judge.
Ishaq, of Normanby Road, was also acquitted of one count of theft.
The court heard Ishaq had befriended a man called Ali Salem Sultan, from Yemen, when they attended the same mosque.
Many years later Mr Sultan, who has since died, decided to move back to his home country. He had various affairs in Scunthorpe that needed looking after, including two properties in the town, the jury was told.
Before leaving the UK in 1997, Mr Sultan signed a document granting power of attorney over the two houses to Ishaq, which clearly stated it applied to “no other assets whatsoever”, the court heard.
Police later seized a second-hand written power of attorney document from Ishaq’s house, which included references to various bank accounts and shares in addition to the houses.