CPS: FRAUDSTER ORDERED TO PAY £143,000 MORE TOWARDS HIS CONFISCATION ORDER

A news release from the CPS dated 14th September said that Adrian Cole, 42, man convicted of fraud has been ordered to pay back a further £143,000 following a successful application by the CPS.  He was first was convicted of mortgage fraud in 2009, and the court ordered him to pay £55,000 towards satisfying this amount. He was able to pay without selling his 2 London properties.  He was convicted again in 2014 for conspiracy to supply class A drugs and money laundering, and he was ordered him to pay £189,581 towards satisfying his benefit from the crimes or serve another 18 months in prison.  The CPS also revisited the 2009 order, arguing that it now seemed he had more assets available to satisfy that first confiscation order. The court agreed and ordered Cole to pay an extra £143,000, or serve another 4 years in prison.  He must now pay the court £332,581, or serve another 5½ years in prison.

https://www.cps.gov.uk/london-south/news/fraudster-ordered-pay-ps143000-more-towards-his-confiscation-order

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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