COURT HEARING FOR 10m FRAUD

Published: 23 July, 2008

By Jim Budd

After months of legal argument, the amount made by fraudsters from the Cavendish/ Hamilton Spirit Management whisky, and the House of Delacroix millennium Champagne investment frauds was agreed at Southwark Crown Court, on 29 August. Lee Rosser's share from Cavendish/ Hamilton was 3.2 million, and Julian Blee's 144,000. Lewis Daulby's share of 3.7 million was agreed some time ago. The House of Delacroix scam netted Blee and Rosser 1,208,192 each, while Craig Dean netted 557,590. Daulby was not involved in the Delacroix scam, but the four made a total of just over 10 million from their activities. The final stage of the confiscation process will be in early November, when the court decides how much Blee, Rosser and Dean are in a position to repay. (The Crown has accepted that Daulby has no assets left.) This may be only a fraction of the figures agreed: Dean has recently been declared personally bankrupt. Worldwide investigations by the SFO are continuing. All four men are currently serving sentences for conspiracy to defraud.

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