Currently viewing the tag: "proceeds of crime"

A convicted mortgage fraudster has been ordered to repay over £9 Million (GBP), in what is the largest ever confiscation of assets by a UK police force.

Jean-Paul Bestel pleaded guilty to mortgage fraud in September 2010 and was sentenced to three years imprisonment in March 2011, although he has since been released.

The fraudster, who owns a portfolio of around 70 buy to let properties, was ordered to pay £9,427,123 by Maidstone Crown Court after it was found that he benefitted from his criminal activity by the same amount.

Kent Police have used “The Proceeds of Crime Act”, to order Bestel to pay back the full sum, within six months, or serve a further ten years in jail.

Detective Inspector Mark Fairhurst commented on the case stating: “This demonstrates the committed approach of the Kent and Essex Serious Crime Directorate in ensuring criminals do not benefit from the proceeds of their criminality. Offenders will be pursued even when released from prison to ensure their assets are taken from them.”

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