Confiscation and compensation order obtained in complex case involving offshore companies and third party interests – Jonathan Holsgrove prosecutes.
Park Square BarristersThe Defendant was convicted in 2018 of multiple offences following a £1m mortgage fraud. Confiscation proceedings followed but it became apparent that there was multiple third-party claims to assets and assets held by offshore companies. The assets included commercial property, jewellery, private registration plates and a yacht.
Since becoming involved in the case in 2021, Jonathan acted on behalf of the CPS as intervener in civil proceedings issued by a third party in the High Court before successfully concluding the confiscation proceedings. The case involved the detailed analysis of the ownership of a number of UK and offshore companies and piercing the corporate veil. Jonathan was able to use his experience in civil / commercial work to this case providing important advice on areas such as probate, conveyancing, corporate structure and trusts of land.
The confiscation order made today was of a benefit of £1.4m and available assets of £497,000. The Defendant was ordered to pay a confiscation order of £497,000 to be paid to the victim bank as part of a compensation order made of £754,000.
Jonathan is a specialist in relation to all aspects of the Proceeds of Crime Act 2002 and is the head of the financial crime team at PSQB. He utilises his experience as a civil practitioner to offer criminal clients the precise advice needed in this developing area of law. He is instructed on behalf of the Crown and defence as well as third party individuals and businesses. For more information or to instruct Jonathan please contact his clerks.
Contact Jonathan’s clerks
Andrew Thornton on 0113 213 5202
Rebecca Wilson on 0113 213 5203