A former director of investment firm Imperial Consolidated Group who was convicted for his part in a global fund conspiracy has been ordered to pay a confiscation order of £1,458,317.65. All money obtained from this will be paid out in compensation to victims.
William Godley was convicted in 2010 for conspiracy to defraud in an international scheme that attracted over £250m from approximately 3,000 investors, including Premier League footballers and actor, Wesley Snipes. The investors believed that their money would be used to finance a commercial loans business from which they would gain interest. Instead the money was funding Mr Godley’s lavish lifestyle as he claimed a salary of over £60,000 per month.
Mr Godley was sentenced to three years and six months imprisonment and disqualified for acting as a company director for six years in August 2010. His colleagues, Jared Brook and Lincoln Fraser, were cleared of allegations in their own separate trials.
SFO Proceeds of Crime investigator, Paul Wilson said:
“The Court found that Mr Godley had benefitted substantially from his criminality and the order made today reflects this. Despite his guilty plea, this has been an extremely protracted legal process but the SFO is committed to ensuring that fraudsters do not benefit from their crimes. If he does not pay, Mr Godley faces a further period of imprisonment and the SFO will take steps to enforce the order so that his victims can finally receive some compensation.”
Mr Godley was given six months to pay the confiscation and a three year sentence of imprisonment in default of payment.
BEING INVESTIGATED FOR FRAUD?
CONTACT US NOW FOR EXPERT ADVICE
FREE INITIAL ADVICE ON 01623 397200