Category Archives: News Releases
SFO secures over $7 million from convicted Brazilian money launderer17th Mar 2023 | News Releases
Today, the SFO recovered over $7,699,204 from convicted money launderer, Mario Ildeu de Miranda, after its investigation revealed he had channelled criminal proceeds through multiple international bank accounts using several different company names.
SFO recovers criminal assets from £740m property fraud concealed through school donation17th Mar 2023 | News Releases
Today, the SFO confiscated an additional £92,500 from Achilleas Kallakis, one of the fraudsters behind the UK’s largest ever mortgage fraud case – ten years after his conviction.
Serious Fraud Office secures three convictions in $500 million trade finance fraud2nd Feb 2023 | News Releases
Today at Southwark Crown Court, the Serious Fraud Office (SFO) secured convictions of two executives of British steel trading business, Balli Steel Plc., on six counts of fraud. Nasser Alaghband, CEO of Balli Steel, had pleaded guilty to one count of fraudulent trading, ahead of the 20-week trial.
Three arrested in first Serious Fraud Office searches of 202311th Jan 2023 | News Releases
This morning, the Serious Fraud Office (SFO) searched three premises across England, with support from National Crime Agency and local police colleagues. Three arrests were made and individuals are being questioned.
Lisa Osofsky visits law enforcement partners in US5th Dec 2022 | News Releases
Between Monday 28th November and Friday 2nd December 2022, the Director of the Serious Fraud Office (SFO) held talks with American law enforcement counterparts in New York and Washington D.C.
Implementation Update: Altman Review29th Nov 2022 | News Releases
In April 2021, the Director of the Serious Fraud Office (SFO) commissioned Brian Altman KC to conduct a review into our handling of the R v Woods & Marshall prosecution. As of November 2022, ten out of 18 of the report’s recommendations have already been delivered. The SFO established a plan of work to implement all recommendations by the end of the financial year 2022/23 and we are on track to meet this objective.
Glencore to pay £280 million for ‘highly corrosive’ and ‘endemic’ corruption3rd Nov 2022 | News Releases
Glencore Energy UK Ltd will pay £280,965,092.95 million (over 400 million USD) after an SFO investigation revealed it paid US $29 million in bribes.
Operations expert joins SFO executive team19th Oct 2022 | News Releases
The Serious Fraud Office (SFO) has announced that Abi Howarth will be joining the Executive Team as Chief Operating Officer.
Harlequin resorts boss jailed for 12 years following SFO investigation30th Sep 2022 | News Releases
The man behind a £226 million fraud affecting thousands of British victims was today jailed at Southwark Crown Court for 12 years following an investigation by the Serious Fraud Office (SFO).
New Economic Crime Bill includes plans to expand SFO’s investigative powers22nd Sep 2022 | News Releases
Today saw the first reading of the Government’s Economic Crime and Corporate Transparency Bill. The Bill includes provisions to expand the Serious Fraud Office’s (SFO) section 2 powers, which the SFO uses to compel suspected criminals, financial institutions like banks and/or technology companies, to share information or documents in relation to a suspected crime.
Investment manager behind £100 million no-win-no-fee fraud jailed for 14 years11th Aug 2022 | News Releases
Following a successful investigation and prosecution by the Serious Fraud Office (SFO), Timothy Schools, the investment manager who used millions of pounds of investors’ money to fund his luxury lifestyle, has been sentenced to 14 years in prison, in a hearing at Southwark Crown Court today.
Fraudulent Caribbean resorts owner convicted after SFO investigation3rd Aug 2022 | News Releases
The Serious Fraud Office (SFO) has successfully convicted the individual behind a £226 million fraud involving celebrity-endorsed luxury resorts in the Caribbean.