Paul Raudnitz KC concludes Confiscation Proceedings for SFO.
The SFO has secured over £1 million in criminal assets in a confiscation order as part of an ongoing proceeds of crime investigation into the convicted solicitor Timothy Schools.
Mr Schools was jailed for 14 years in 2022 for his role in a no-win-no-fee fraud in which hundreds of investors were defrauded of over £107m.
In confiscation proceedings before the Southwark Crown Court, Mr Schools was found to have hidden some of the proceeds of the fraud with members of his family, disguised as loans. The money recovered will be paid back to the victims.
If Mr Schools fails to repay this money, he will face an additional 5 years in prison. The SFO investigation into Mr Schools’ assets continues.
Paul Raudnitz KC acted for the SFO in the successful confiscation proceedings and also appeared in the earlier trial.
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Paul Raudnitz KC