News

Solar panel fraudsters ordered to pay £413,206.10 compensation to victims

Two men who scammed millions of pounds from 760 vulnerable victims in a fraudulent solar panel scheme have today been ordered to pay confiscation totalling £413,206.10.

Court orders Alstom Network UK Ltd to pay £16.4 million

Alstom Network UK Ltd has today been ordered to pay a total of £16.4 million for conspiracy to corrupt relating to a contract to supply trams in Tunisia. This sentence comprises £15 million in fines and £1.4 million in costs.

Ponzi fraudster’s assets confiscated

The SFO has today confiscated the realisable assets of Nicholas Levene, the former City trader who was found guilty of fraud in 2012. When Levene was handed a confiscation order in March 2013, due to bankruptcy proceedings, his available realisable assets totalled £1. Today, the SFO has confiscated approximately £118,000 of Levene’s assets.

SFO concludes investigation into LIBOR manipulation

The Serious Fraud Office today announced the closure of its investigation into LIBOR manipulation. Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case.

Serial “Phoenix” fraudster jailed for over 9 years after 15 years on the run

Christopher Woodhead’s decade and a half on the run has ended, following an enforcement hearing at Leeds Magistrates’ Court today.

Saunders Electrical fraudsters ordered to pay over £7million

Jolan Saunders and Michael Strubel, former company executives at Saunders Electrical Wholesalers Ltd, have this week been ordered to pay confiscation orders totalling £7,393,663.33.

Currency fraudster Peter Chapman ordered to pay £441,944.38

Peter Chapman, a former manager of polymer banknote manufacturer Securency PTY Ltd, was today ordered to pay a confiscation order of £441,944.38.

Sara Lawson QC speaking at Cambridge Symposium on Economic Crime 2019

Sara Lawson QC, General Counsel of the Serious Fraud Office, speaking at the Cambridge Symposium on Economic Crime 2019

Lisa Osofsky speaking at Cambridge Symposium on Economic Crime 2019

Lisa Osofsky, Director of the Serious Fraud Office speaking at the Cambridge Symposium on Economic Crime 2019

SFO charges second individual in relation to Global Forestry Investments investigation

Omari Bowers, a former director of Global Forestry Investments, has been charged with conspiracy to defraud, forgery, and misconduct in the course of winding up. He is due to appear at Westminster Magistrates Court on 2 August 2019.

John Venskus ordered to pay £410k confiscation order

John Venskus was ordered by His Honour Judge Beddoe to pay a £410,786.14 confiscation order on 22 July at Southwark Crown Court.

De La Rue plc

The SFO confirms it has opened an investigation into the activities of the De La Rue group and its associated persons in relation to suspected corruption in South Sudan.