Today we secured over £1 million in criminal assets, to be paid back to victims, as part of an ongoing proceeds of crime investigation into the convicted solicitor Timothy Schools.
Schools was jailed for 14 years in 2022 for his role in a no-win-no-fee fraud.
We successfully proved before Southwark Crown Court that this money was the proceeds of crime and should be returned to victims.
Schools was convicted of fraud alongside his business partner David Kennedy, after promising investors a secure return by offering loans to UK law firms that were pursuing no-win-no-fee cases. Few investors ever received any return and hundreds of people were left out of pocket.
If Schools fails to repay this money, he’ll face an additional 5 years in prison. Our investigation into Schools’ assets continues.
See more proceeds of crime news from the SFO here: https://ow.ly/sS9w50UCt7h Read More