(3 years, 10 months ago)
Commons ChamberI thank my hon. Friend for his kind wishes. He is right to highlight the successes that the CPS has had in tackling serious fraud. In recent months, the serious fraud division has brought three high-value investment scammers to justice. These include Joseph Lewis, who ran a £20 million Ponzi scheme fraud for a decade and was sentenced to five years and four months’ imprisonment, and Freddy David, an authorised financial consultant who was operating a parallel Ponzi fraud which resulted in a loss of £10.4 million to his victims. He was sentenced to a total of six years in prison and was issued with a confiscation order for just over £1 million.