In The News

21 September 2021

Overview Both the U.S. Securities and Exchange Commission (the “SEC”) and the UK Financial Conduct Authority (the “FCA”) have indicated the need for greater regulation in the crypto space. Gary Gensler, the chair of the SEC has warned that cryptocurrency trading platforms must be regulated if they are to survive the test of time. Gensler stated that if the crypto […]

Two men convicted in 2010 for fixing further education and training contracts have received increased confiscation orders from the Serious Fraud Office (SFO) last month. The SFO identified additional assets worth £140,000 from their operation and ordered the pair to repay this gain. The case in point The Proceeds of Crime Act 2002 gives the SFO the power to continue […]

20 September 2021

The chairman of the Financial Conduct Authority (FCA) has urged tech giants including Facebook and Twitter to rid their platforms of the rising number of online scams. Cryptocurrencies | Rosenblatt’s Financial Crime Team Charles Randell, who heads up the financial watchdog stated that social media firms are enabling criminals to lure unsuspecting investors, through adverts promoting crypto tokens. He noted […]

09 September 2021

Summary In this article, we consider the recent judgment in the matter of Sir Henry Royce Memorial Foundation v Hardy [1], in which HHJ Matthews was required to consider the validity of a request made by Mark Gregory Hardy (“Hardy”), a member of The Sir Henry Royce Memorial Foundation (the “Foundation”), under section 116 of the Companies Act 2006 (“CA […]

On 2 September 2021 it was announced that a British businessman had been arrested in Singapore over alleged links to a fraud connected with the collapsed German payments group Wirecard. Fraud | Rosenblatt’s Financial Crime Team The businessman, Henry O’Sullivan, an adviser to Wirecard in Asia is facing ten years in prison, a fine or both for his role in […]

06 September 2021

Rosenblatt is pleased to announce that it has appointed a new partner as part of the continued expansion of the business. Anil Rajani joins Rosenblatt as a Partner within Dispute Resolution, heading up Financial Crime. To read the full press release, click here.

On 17 August 2021 the Serious Fraud Office (SFO) charged five individuals with bribery and money laundering in relation to suspected bribery payments which were made to secure contracts within the UK construction sector. SFO Investigation | Rosenblatt’s Financial Crime Team Robb Simms Davies and Nigel Wilson, two former senior executives are charged with four counts of bribery, contrary to […]

03 September 2021

A Cambridge academic who fraudulently claimed approximately £2.8m in government grants has been ordered to pay £1.3m back from his crimes or face a further eight and a half years in prison. National Crime Agency | Rosenblatt’s Financial Crime Team The National Crime Agency (NCA) started an investigation into Dr Ehsan Abdi-Jalebi when he was stopped three times attempting to […]

26 August 2021

On 26 July 2021 at Southwark Crown Court Ian James Hudson was sentenced to 4 years imprisonment for one count of fraudulent trading, in addition to 14 months for two further counts of breaching section 19 of the Financial Services and Markets Act 2000 (FSMA). Criminal Proceedings | Rosenblatt’s Financial Crime Team Mr Hudson’s sentences are to run concurrently following […]

24 August 2021

At Westminster Magistrates’ Court on 2 August 2021 Jolan Saunders was jailed for almost nine years for failing to pay his multi-million-pound confiscation order. SFO Investigation | Rosenblatt’s Financial Crime Team In 2015 the Serious Fraud Office (SFO) secured convictions against Jolan Saunders and his co-conspirators Michael Strubel and Spencer Steinberg after it was shown that the men deceived individuals […]