On April 3rd 2017, Kangs Solicitors reported the start of a trial before Southampton Crown Court where our client, and another defendant, were alleged to have fraudulently obtained the sum of £250, 408, and to have been involved in money laundering.
Negotiated Resolution | Kangs Criminal Trial Lawyers
Following lengthy negotiations with the Prosecution, our client agreed to plead guilty to the lesser offence of false accounting, thereby accepting a much smaller loss amounting to £80,000.
Additionally, in order to avoid the issue of Confiscation Proceedings against him, our client agreed to make a payment by way of Compensation.
Southampton Crown Court Hearing | Kangs National Criminal Team
At the Hearing, our client received a sentence of 22 months imprisonment which was suspended for 24 months.
The amount of compensation that he was ordered to pay was £15,000 within a period of 12 months.
Given the complexity of the fraud, the nature of the allegations and the sums of money that the Prosecution claimed had been misappropriated, this was an exceptional result achieved for our client.
How Can We Help? | Kangs Financial Fraud Solicitors
At Kangs Solicitors we are able to offer a wealth of experience in defending clients accused of involvement in all aspects of financial fraud and money laundering.
We have a successful specialist fraud department with a team of solicitors dedicated to defending allegations of this nature. We are ranked by Chambers & Partners in Band 1 nationally for our work in defending fraud cases.
Should you become involved in or be accused of any fraudulent activity and require any guidance and advice then please do not hesitate to contact our team through any of our below mentioned solicitors who will be pleased to meet you for an initial free consultation.
If you have been invited to attend an interview with the City of London Police, The Serious Fraud Office, The Financial Conduct Agency or any other Police force or Government agency we can provide a specialist Solicitor to represent you.
Who Do I Need To Contact For Assistance? | Kangs Fraud Team
Please do not hesitate to contact one of the following for an initial consultation: