AG v Jeanne and Timms 10-Apr-2024 - Confiscation Hearing.
01/05/2024
The following extract is recorded in the AG v Jeanne and Timms Confiscation Hearing:-
- The benefit in the case of Mr Jeanne was in the sum of £4,541,582.60 that is an agreed figure and includes an uplift to reflect the increase in the purchasing value of the money that he had. It is also agreed that his realisable assets are £511,323.06.
- The Confiscation order therefore is in the sum of the realisable assets because that is how the law is structured and that has to be paid, as I have indicated within 12 months. It is accepted that that money should be used to meet a Compensation order to Jersey Mutual and so we order that Compensation order is made.
- In Mr Timms case the benefit has been agreed and the benefit that he got from his crimes is £144,870.50. His realisable assets which have very largely come from his share in the property are in the sum of £585,758.30 so he is in a financial position to repay all of the benefit he achieved.
- We make the Confiscation Order in the sum of £144,870.50 and that will be paid towards the Compensation order to be made to Jersey Mutual, and as I have said, we order him to pay £10,000 costs.
- In relation to the Confiscation order, as I have already indicated there will be a default sentence in the case of Mr Jeanne of 3½ years, and a default sentence in the case of Mr Timms of 2 years.
- We will not expect enforcement action to be taken on the costs until the realisation of the assets has been achieved or the confiscation order paid whichever is the sooner..
Source - AG v Jeanne and Timms 10-Apr-2024 - Confiscation Hearing.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.