On November 14, 2014, convicted former director of investment firm Imperial Consolidated Group, William Godley, was ordered by the UK’s High Court to pay a confiscation order of approximately £1.5 million. William Godley was convicted in 2010 and sentenced to 3.5 years in jail for defrauding around 3,000 investors of about £250 million. He was also disqualified from acting as a company director for six years. The whole amount of the order will be paid to victims as compensation and any default will give rise to a three-year imprisonment sentence.

The court’s judgment is available at:

http://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/cases/EWHC/QB/2014/2343.h tml&query=godley&method=boolean.