Legal News
Fraudster must repay £1m within six months or face jail under Proceeds of Crime Act (2 April 2015)
Date: 02/04/2015
Southwark Crown Court has ordered a convicted fraudster to repay nearly £1 million within six months – or spend another four years in jail.
Nigerian born Rilwan Oshodi, 31, from Thamesmead, was described as the mastermind behind a group called The Cheeseburger Gang, which bought the details of their victim’s Santander bank account for £3,200, after she inadvertently revealed them to a hacker.
The Evening Standard newspaper reports that Karen Budow’s life savings were withdrawn from the account – a total of £940,000 – by Oshodi’s girlfriend, who posed as Ms Budow.
Much of the money was spent at the January sales in 2012, the court was told – and the gang spent the remainder on a range of goods from cheeseburgers to gold and computers.
Oshodi was sentenced to eight years in jail in 2013, after being convicted of fraud.
At a confiscation hearing under the Proceeds of Crime Act, Judge Stephen Robbins told Oshodi that he must repay the money he had taken fraudulently – or he would be sentenced to another four years in prison.
The court gave Oshodi six months in which to repay the monies.
Duncan Lewis Fraud Lawyers
Duncan Lewis fraud lawyers can advise at any stage of a charge involving fraud, including financial fraud, credit card fraud, company fraud, bank fraud, boiler rooms scams, investment fraud and benefit fraud.
Duncan Lewis fraud lawyers regularly visit police stations, courts and prisons to advise on fraud charges, including appeals against conviction and sentencing appeals. Our crime lawyers can also advise on confiscation orders under the Proceeds of Crime Act.
For expert legal advice on all fraud charges, call Duncan Lewis fraud lawyers on 020 7923 4020.
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