Teesside Magistrates' Court today ordered that John Potts should serve a term of six years' imprisonment for failure to pay a confiscation order. Following an investigation by the Serious Fraud Office, John Potts of Sunderland was convicted of an offence of conspiracy to defraud and sentenced to five years' imprisonment.
Three individuals were today convicted at Southwark Crown Court as part of the Serious Fraud Office's investigation into JJB Sports plc (JJB). Christopher Ronnie, a former Chief Executive of JJB, was convicted alongside David Ball and David Barrington, who were beneficial owners of Fashion and Sport Ltd, a company that sold clothing brands and supplied stock to JJB.
A former director of investment firm Imperial Consolidated Group, convicted for his part in a global fund conspiracy, has today been ordered to pay a confiscation order of £1,458,317.65 from which all the money will be paid in compensation to victims.