Serial fraudster Gerald Smith, 69, has been sentenced to an additional 13 months in prison for obstructing the confiscation of his assets.
The Times reports that Smith, a former GP, was previously jailed for multiple frauds, including stealing £2 million from a pension fund in 1993 and £34 million from a technology company in 2006.
In his latest conviction, Smith attempted to block the sale of a Bloomsbury flat meant to repay his debts to the Treasury.
While serving an 18-month sentence for fraudulently obtaining a £50,000 COVID-19 business loan, investigators found he had transferred the flat’s ownership to a company in the British Virgin Islands, changed its locks, and rented it out to tenants.
VIOLATED COURT ORDERS
Smith also violated court orders by receiving financial support from his brother and spending lavishly despite restrictions.
Authorities uncovered evidence of 105 private jet trips, purchases of luxury cars, and extravagant dining, while Smith avoided repaying stolen funds.
The Serious Fraud Office (SFO) has vowed to pursue Smith’s assets.
SFO Director Nick Ephgrave said the case demonstrates their commitment to ensuring criminals cannot benefit from their crimes.
Smith’s accomplices, including Dr. Robert Morris, face no legal action at this time.
