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UK seeking millions from Israeli fraudster

August 6, 2009 13:28

ByLeon Symons, Leon Symons

2 min read

A jailed Israeli lawyer has failed in his attempt to prevent the Serious Organised Crime Agency (SOCA) from trying to seize millions of pounds in assets he held in several London bank accounts.

Mr Justice Foskett, sitting in the High Court in London, ruled last week that even though the money belonged to someone outside Britain, SOCA had the authority to ask the lawyer, Israel Perry, how he and his family had amassed more than £14 million.

Once it has that information, SOCA will then decide if the money has come from the proceeds of crime and, if so, they could seize it under the Proceeds of Crime Act 2002.

Israel Perry was jailed for 12 years in October 2007 for aggravated fraud, embezzlement, obstruction of justice and violation of insurance laws, after a six-year, high-profile trial.