Paedophile William Goad ‘never paid out’ to victim Ray Zolla – BBC News

Posted October 22nd, 2012 in assets recovery, bankruptcy, child abuse, damages, news, sexual offences, victims by sally

“A man from Cornwall who was awarded a six-figure sum after being abused by paedophile William Goad has said he is yet to receive any money.”

Full story

BBC News, 21st October 2012

Source: www.bbc.co.uk

Serious Organised Crime Agency v Perry and others; Serious Organised Crime Agency v Perry and others (No 2) – WLR Daily

Serious Organised Crime Agency v Perry and others; Serious Organised Crime Agency v Perry and others (No 2) [2012] UKSC 35; [2012] WLR (D) 238

“A disclosure order obtained in civil recovery proceedings did not authorise sending information notices to persons who were outside the United Kingdom.”

WLR Daily, 25th July 2012

Source: www.iclr.co.uk

VTB Capital Plc v Nutritek International Corp and others – WLR Daily

Posted June 22nd, 2012 in appeals, assets recovery, company law, conflict of laws, fraud, law reports by tracey

VTB Capital Plc v Nutritek International Corp and others: [2012] EWCA Civ 808; [2012] WLR (D) 181

“There was no such thing in English law as a ‘remedial constructive contract’ and the courts had no jurisdiction to subject parties to contractual obligations under a contract to which neither they, not the only undisputed parties to the contract had ever agreed or intended they should be subject. The Court of Appeal was bound to uphold the principle that it was appropriate to pierce the corporate veil only where special circumstances existed indicating that it was only a façade concealing the true facts. The veil-piercing principle had been developed pragmatically for the purpose of providing a practical solution in particular factual circumstances and could not be invoked wherever it was necessary to do so in the interests of justice and no unconnected third party was involved.”

WLR Daily, 20th June 2012

Source: www.iclr.co.uk

Court of Appeal in key corporate veil ruling – The Lawyer

Posted June 21st, 2012 in appeals, assets recovery, company law, fraud, news by sally

“The Court of Appeal has clarified its position on piercing the corporate veil rejecting an appeal against brought by state-owned Russian bank VTB Capital against Nutritrek International.”

Full story

The Lawyer, 20th June 2012

Source: www.thelawyer.com

Piercing the corporate veil to recover assets from fraudsters – 11 Stone Buildings

Posted June 19th, 2012 in assets recovery, company law, fraud, news by sally

“Piercing the corporate veil is currently a hot topic with a difference of opinion between various judges on several of the finer points, especially in a contractual context (compare Burton J in Gramsci v Stepanovs [2011] EWCH 333 Comm with Arnold J in VTB v Nutritek [2011] EWCH 3107 CH). In the meantime, while the decision of the Court of Appeal in VTB is eagerly awaited, the doctrine is essential to do justice in practice in many cases even though its theoretical underpinnings remain somewhat elusive.”

Full story

11 Stone Buildings, June 2012

Source: www.11sb.com

Financial adviser fraudsters told to pay back £1 each – BBC News

Posted March 26th, 2012 in assets recovery, financial advice, fraud, mortgages, news by sally

“Two financial advisers who conned investors out of £3m in a property scam which they lost gambling have been ordered to pay back just £1 each.”

Full story

BBC News, 24th March 2012

Source: www.bbc.co.uk

Israeli fraudster fights UK attempt to seize assets – The Independent

Posted March 19th, 2012 in assets recovery, extraterritoriality, fraud, Israel, news, theft by sally

“A jailed lawyer who defrauded Holocaust survivors out of tens of millions of pounds will ask the Supreme Court tomorrow to block an attempt by British police to seize his multimillion-pound assets. In a landmark case, the convicted fraudster Israel Perry is claiming the Serious and Organised Crime Agency (Soca) has no powers to confiscate his luxury homes and valuable art collection in the UK and elsewhere in the world.”

Full story

The Independent, 18th March 2012

Source: www.independent.co.uk

‘Sobriety bracelets’ to monitor offenders in alcohol-related cases – The Guardian

“Criminals convicted of alcohol-related offences who avoid jail will be forced to wear ‘sobriety bracelets’, which monitor drinking levels, under a tough community sentence regime ordered by David Cameron.”

Full story

The Guardian, 17th March 2012

Source: www.guardian.co.uk

Independent Trustee Services Ltd v Morris – WLR Daily

Independent Trustee Services Ltd v Morris: [2012] EWCA Civ 195;  [2012] WLR (D)  55

“The defence of bona fide purchaser for value without notice, at the time of receipt of moneys, to a tracing claim by a trustee for the recovery of misappropriated trust moneys was not available to the recipient thereof where a consent order made in ancillary relief proceedings pursuant to which the moneys had been paid had been rescinded, on the recipient’s application to renew the ancillary relief application because of non-disclosure of assets, by the time the defence was raised.”

WLR Daily, 28th February 2012

Source: www.iclr.co.uk

Gypsies who pocketed £800,000 in benefits ordered to pay back £17.65 – Daily Telegraph

Posted February 25th, 2012 in assets recovery, benefits, fraud, news, sentencing, travellers by tracey

“Two members of a Romany gypsy family who flew in and out of Britain to pocket more than £800,000 in benefits have been ordered to pay back just £17.65.”

Full story

Daily Telegraph, 24th February 2012

Source: www.telegraph.co.uk

Metals trader fraudster given extra seven years – The Guardian

Posted February 25th, 2012 in administrators, assets recovery, fraud, news, sentencing by tracey

“Viren Rastogi, the London metals trading tycoon behind one of Britain’s biggest ever frauds, has been ordered to serve seven years behind bars on top of an initial sentence of nine-and-a-half years because he has failed to return millions of pounds defrauded from 20 international banks.”

Full story

The Guardian, 24th February 2012

Source: www.guardian.co.uk

Canoe man prosecutors recover £500,000 from wife – The Guardian

Posted February 15th, 2012 in assets recovery, Crown Prosecution Service, fraud, insurance, news by sally

“Prosecutors have recovered more than half a million pounds in assets from Anne Darwin, whose husband faked his own death in a sea canoeing accident so they could claim more than £600,000 in life insurance money.”

Full story

The Guardian, 14th February 2012

Source: www.guardian.co.uk

Serious Organised Crime Agency v Perry and others (No 2) – WLR Daily

Serious Organised Crime Agency v Perry and others (No 2) [2011] EWCA Civ 578;  [2011] WLR (D)  164

“A court in England and Wales had the power under Part 5 of the Proceeds of Crime Act 2002 to make a recovery order in favour of the trustee for civil recovery in respect of recoverable property outside the jurisdiction, whether moveable or immoveable.”

WLR Daily, 18th May 2011

Source: www.iclr.co.uk

Please note that once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed

Serious Organised Crime Agency v Gale and another – WLR Daily

Posted July 16th, 2010 in appeals, assets recovery, costs, cross-claims, law reports, proceeds of crime by sally

Serious Organised Crime Agency v Gale and another [2010] EWCA Civ 759; [2010] WLR (D) 179

“The costs incurred by an enforcement authority, such as the Serious Organised Crime Agency, in paying an interim receiver to investigate the defendant’s finances and assemble that material as the basis for civil recovery proceedings constituted costs of the litigation.”

WLR Daily, 13th July 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Bristol drug gang jailed after covert police operation – BBC News

Posted July 15th, 2010 in assets recovery, conspiracy, drug offences, gangs, news, sentencing by sally

“Four men have been jailed for their part in a drugs network which police said allowed them to live a life of luxury hotels and fast cars.”

Full story

BBC News, 14th July 2010

Source: www.bbc.co.uk

Ex-magistrate stripped of £4.1m after fraud – The Independent

Posted January 21st, 2010 in assets recovery, fraud, news, proceeds of crime by sally

“A former magistrate who was jailed for a £38,000 fraud was ordered to give up his assets worth £4.1 million at a confiscation hearing today.”

Full story

The Independent, 21st January 2010

Source: www.independent.co.uk

Jailed ex-magistrate faces £4m payout – The Independent

Posted January 21st, 2010 in assets recovery, fraud, news, proceeds of crime by sally

“A former magistrate who was jailed for a £35,000 fraud will face a financial confiscation hearing today which could force him to pay up to £4 million.”

Full story

The Independent, 21st January 2010

Source: www.independent.co.uk

Government steps-up fight against organised crime – Home Office

Posted July 14th, 2009 in assets recovery, press releases, proceeds of crime by sally

“The government’s new strategy on serious organised crime introduces plans to create a more hostile environment for organised criminals by seizing assets and shutting businesses.”

Full press release

Home Office, 13th July 2009

Source: www.homeoffice.gov.uk

Sinclair and Another v Glatt and Others – Times Law Reports

Posted April 16th, 2009 in assets recovery, expenses, law reports, receivers, remuneration by sally

Sinclair and Another v Glatt and Others

Court of Appeal

“A court-appointed receiver could have a lien on the property held in a convict’s name even though he had only a bare legal interest in it. A pending financial relief claim of the former wife of the convict had no priority over the receiver’s lien.”

The Times, 16th April 2009

Source: www.timesonline.co.uk

Home Secretary calls for public to help decide how criminals’ assets are spent – Daily Telegraph

Posted April 14th, 2009 in assets recovery, news, proceeds of crime by sally

“Jacqui Smith, the Home Secretary, wants communities directly affected by crime to receive a ‘share of the pot’ of illegal assets when they are seized by the police.”

Full story

Daily Telegraph, 14th April 2009

Source: www.telegraph.co.uk