Two brothers - Andrew and Nigel Thorne - were found guilty of a £6 million asset stripping fraud. Nigel Thorne is now serving a three and a half year prison sentence. His brother received a nine month prison sentence suspended for two years. However, both men have been disqualified from acting as company directors - Nigel for three years and Andrew for five.
(For futher details please read our full press release)
In the first prosecution brought in the UK against a company for breaching UN sanctions, Mabey & Johnson Ltd admitted offences of overseas corruption and breaching UN sanctions. The company is to pay £6.6 million.
(For futher details please read our full press release)
Robert Scott who had collaborated with a Spanish-based 'boiler room' operation was sentenced to 33 months imprisonment. He had allowed two of his non-trading companies to be used by the boiler room agents who hard sold effectively worthless shares in the companies to unsuspecting investors.
(For futher details please read our full press release)
Peter Bradley and Peter Stott were ordered to pay over £1 million (by way of compensation to victims) in relation to a fraud operated by Alta Gas Plc. This is an example of the Serious Fraud Office's commitment to the victims of fraud by ensuring that criminals surrender their proceeds of crime to pay them compensation.
(For futher details please read our full press release)
