Category Archives: News Releases
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SFO secures 10 month sentence for former London Capital & Finance Plc CEO
17th May 2023 | News ReleasesToday, at Southwark Crown Court, the Serious Fraud Office (SFO) secured a 10 month sentence (suspended for two years) for Michael Thomson, former Chief Executive Officer of London Capital & Finance Plc (LCF), following his breaching of a restraint order imposed on his bank account. The SFO had frozen Mr Thomson’s assets as part of […]
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HMCPSI publishes report on SFO’s case progression
4th May 2023 | News ReleasesToday, a report by His Majesty’s Crown Prosecution Service Inspectorate (HMCPSI) has been published into the SFO’s case progression. HMCPSI is responsible for inspecting the SFO and this report follows up on progress against its 2019 inspection.
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SFO secures sentences totalling over 13 years for executives behind $500m bank fraud
4th Apr 2023 | News ReleasesToday at Southwark Crown Court, Nasser Alaghband, the CEO of British steel trading company Balli Steel Plc, was sentenced to six and a half years in prison, while two senior executives received sentences of over three years each.
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SFO secures over $7 million from convicted Brazilian money launderer
17th Mar 2023 | News ReleasesToday, the SFO recovered over $7,699,204 from convicted money launderer, Mario Ildeu de Miranda, after its investigation revealed he had channelled criminal proceeds through multiple international bank accounts using several different company names.
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SFO recovers criminal assets from £740m property fraud concealed through school donation
17th Mar 2023 | News ReleasesToday, the SFO confiscated an additional £92,500 from Achilleas Kallakis, one of the fraudsters behind the UK’s largest ever mortgage fraud case – ten years after his conviction.
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Serious Fraud Office secures three convictions in $500 million trade finance fraud
2nd Feb 2023 | News ReleasesToday at Southwark Crown Court, the Serious Fraud Office (SFO) secured convictions of two executives of British steel trading business, Balli Steel Plc., on six counts of fraud. Nasser Alaghband, CEO of Balli Steel, had pleaded guilty to one count of fraudulent trading, ahead of the 20-week trial.
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Three arrested in first Serious Fraud Office searches of 2023
11th Jan 2023 | News ReleasesThis morning, the Serious Fraud Office (SFO) searched three premises across England, with support from National Crime Agency and local police colleagues. Three arrests were made and individuals are being questioned.
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Lisa Osofsky visits law enforcement partners in US
5th Dec 2022 | News ReleasesBetween Monday 28th November and Friday 2nd December 2022, the Director of the Serious Fraud Office (SFO) held talks with American law enforcement counterparts in New York and Washington D.C.
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Implementation Update: Altman Review
29th Nov 2022 | News ReleasesIn April 2021, the Director of the Serious Fraud Office (SFO) commissioned Brian Altman KC to conduct a review into our handling of the R v Woods & Marshall prosecution. As of November 2022, ten out of 18 of the report’s recommendations have already been delivered. The SFO established a plan of work to implement all recommendations by the end of the financial year 2022/23 and we are on track to meet this objective.
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Glencore to pay £280 million for ‘highly corrosive’ and ‘endemic’ corruption
3rd Nov 2022 | News ReleasesGlencore Energy UK Ltd will pay £280,965,092.95 million (over 400 million USD) after an SFO investigation revealed it paid US $29 million in bribes.
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Operations expert joins SFO executive team
19th Oct 2022 | News ReleasesThe Serious Fraud Office (SFO) has announced that Abi Howarth will be joining the Executive Team as Chief Operating Officer.
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Harlequin resorts boss jailed for 12 years following SFO investigation
30th Sep 2022 | News ReleasesThe man behind a £226 million fraud affecting thousands of British victims was today jailed at Southwark Crown Court for 12 years following an investigation by the Serious Fraud Office (SFO).