Lord Reed – Asset Recovery and the Rule of Law – Supreme Court
Lord Reed – Asset Recovery and the Rule of Law, Caribbean Judicial Civil Recovery Conference, Miami 3 September 2024
Supreme Court, 3rd September 2024
Source: www.supremecourt.uk
Category: assets recovery
Using civil courts in England to recover assets and losses after employee fraud – OUT-LAW.com
‘Given the speed with which stolen assets can be transferred through the global banking system, and the increase in cyber fraud and invoice hacking incidents, time is of the essence if you are to successfully recover money stolen by a rogue employee through fraud.’
OUT-LAW.com. 26th September 2024
Source: www.pinsentmasons.com
Court clarifies ‘risk of dissipation’ in asset freezing order case – OUT-LAW.com
‘A recent English High Court ruling serves as a timely reminder of the factors that the court will take into account when considering the risk of dissipation of assets in the context of a freezing order application.’
OUT-LAW.com, 12th September 2024
Source: www.pinsentmasons.com
Rabbi to return £2.35m to charities after investigation by National Crime Agency – The Guardian
‘A rabbi has agreed to return £2.35m to charities that he was holding in his personal bank accounts for a number of years without a legitimate explanation.’
The Guardian, 5th April 2024
Source: www.theguardian.com
Lord Briggs, Keynote speech – IBA Asset Recovery Conference – Supreme Court
‘Keynote speech by the Right Hon Lord Briggs of Westbourne, 8 December 2023.’
Supreme Court, 14th December 2023
Source: www.supremecourt.uk
£2million home and large pensions sold to repay fraudsters’ court order – Crown Prosecution Service
‘Asset Recovery prosecution specialists have recovered a further £2.7million from two defendants following one of the largest multi-million-pound VAT fraud operations brought to justice by CPS and HMRC.’
Crown Prosecution Service, 26th October 2023
Source: www.cps.gov.uk
The importance of applying the hearsay rules correctly in asset recovery cases in the magistrates’ court – 5SAH
‘James Fletcher & John McNamara discuss the importance of applying the hearsay rules correctly in asset recovery cases in the magistrates’ court.’
5SAH, 31st July 2023
Source: www.5sah.co.uk
Fraudster convicted decade ago must pay £92,500 – Law Society’s Gazette
‘A property dealer jailed for one of the UK’s biggest mortgage frauds a decade ago has been ordered to pay a further £92,500 – money which was recovered from a settlement over a donation to a private school.’
Law Society’s Gazette, 17th March 2023
Source: www.lawgazette.co.uk
Jailed accountant who defrauded NHS ordered to pay back nearly £240k – Crown Prosecution Service
‘An accountant who was jailed for defrauding the NHS, companies and individuals, has been ordered to pay back nearly £240,000 and faces an additional 20 months in prison if he fails to pay.’
Crown Prosecution Service, 17th January 2023
Source: www.cps.gov.uk
Cambridge Symposium on Economic Crime – Crown Prosecution Service
‘DPP Max Hill’s speech to the Cambridge Symposium on Economic Crime.’
Crown Prosecution Service, 5th September 2022
Source: www.cps.gov.uk
Max Hill QC’s opening speech to the Heads of Prosecuting Agencies Conference – Crown Prosecution Service
‘Max Hill QC’s opening speech to the Heads of Prosecuting Agencies Conference.’
Crown Prosecution Service, 12th July 2022
Source: www.cps.gov.uk
Director of Public Prosecutions highlights how more money could be returned to victims of crime – Crown Prosecution Service
‘The Director of Public Prosecutions, Max Hill QC, has today supported the review into legislation to ensure more money can be returned to victims of crime.’
Crown Prosecution Service, 23rd June 2022
Source: www.cps.gov.uk
Man jailed for selling illegal football streaming boxes ordered to pay £1m – The Guardian
‘A man jailed for selling illegal devices providing unauthorised streams of Premier League matches has been ordered to pay back almost £1m following a court ruling.’
The Guardian, 6th June 2022
Source: www.theguardian.com
Legal remedies for victims of investment scams: the decision in Hamblin v World First – New Square Chambers
‘The case of Hamblin v World First 2020 EWHC 2383 (Comm), decided by His Honour Judge Pelling QC, “the Judge”, in the London Circuit Commercial Court, is topical because it represents a claim made by the victim of a scam, Mr Hamblin, to recover his losses not directly from the fraudsters as the direct beneficiaries of the scam, but from the payment service provider, here World First, the company that received the monies from Mr Hamblin into an account set up by the fraudsters, and which, acting on instructions from those fraudsters, arranged for the onward payment of those monies. No allegation of dishonesty was made against the payment service provider nor was it suggested that the payment service provider had actual knowledge of the scam.’
New Square Chambers, 13th May 2022
Source: www.newsquarechambers.co.uk
Stephen Lawrence murder: Jamie Acourt ‘cannot repay £90k’ from drugs plot – BBC News
‘One of the men suspected of murdering Stephen Lawrence in a racist attack has said he cannot pay £90,000 he made from a £3m drugs plot.’
BBC News, 18th January 2022
Source: www.bbc.co.uk
UK sets global transparency standard for asset returns – Home Office
‘The UK is the first country to publish its policy and principles on international asset returns.’
Home Office, 13th January 2022
Source: www.gov.uk
But the Assets are Already Frozen! Where Civil Freezing Orders and Criminal Restraint Orders Collide – Gatehouse Chambers
‘The Claimants were two companies and their respective administrators, who alleged in the main proceedings that substantial sums had misappropriated, by or for the benefit of the Defendants, or otherwise in circumstances giving rise to liability on the part of the Defendants.’
Gatehouse Chambers, 27th July 2021
Source: gatehouselaw.co.uk
Judge rejects use of frozen assets for legal expenses – OUT-LAW.com
‘A recent ruling by the High Court in London has highlighted the benefits to businesses of using freezing orders to protect and recover assets, as well as the willingness of the courts in England and Wales to support the enforcement of judgments, experts in civil fraud and asset recovery have said.’
OUT-LAW.com, 19th February 2021
Source: www.pinsentmasons.com
Recovery against insolvent estates – The 36 Group
‘Local authorities frequently have cause to seek recovery of sums owing from the estates of deceased persons, particularly (but not exclusively) in relation to care home fees owed by the deceased.’
The 36 Group, 26th October 2020
Source: 36group.co.uk
‘Basil’ from the Hatton Garden security vault heist ordered to pay almost £6million – Crown Prosecution Service
‘One of the ringleaders from the Hatton Garden security vault heist has today been ordered to pay £5,997,684.93. Michael Seed, known as “Basil”, 58, was convicted in March 2019 for his part in the £13.69 million heist, believed to be one of the largest burglaries in English history.’
Crown Prosecution Service, 1st October 2020
Source: www.cps.gov.uk
