A Redgrave man has been ordered to hand over his last remaining assets because of his involvement in £5.7 million worth of fraud.
Colin Samuels, 62, of The Street, was jailed last year for five and a half years at Ipswich Crown Court after being convicted by a jury of two
offences of conspiracy to defraud.
It was claimed during the trial that Samuels had acted as a “front man” for the frauds, allowing the bank account of a company of which he was a
director to be used to launder tens of thousands of pounds.
Yesterday Samuels was ordered by Judge Rupert Overbury to hand over the full £37,000 within the next six months at a Proceeds of Crime hearing..
Judge Overbury warnedhim that if he failed to comply with the confiscation deadline a further 12 months would be added to his jail term.
Samuels was part of a conspiracy in which call centres in Spain and Turkey were used to target around 14,000 victims.
People who responded to advertisements for escorts with the promise of high earnings handed over an initial fee but received no payments or any refunds.
A second fraud involved people with large credit card debts in the UK being cold called and offered the chance to have their debts wiped out in return for a fee. Again nothing happened and no fees were refunded.
Samuels and four other people were arrested and charged following an investigation by Suffolk Trading Standards, codenamed Operation Troy.
The jury heard that between November 2009 and November 2010 Samuels allowed the bank account of EBA Ltd to be used by the fraudsters in return
for payments which he hoped would help ease his own debt problems.
At the time Samuels, described by his barrister Alisdair Williamson as a “dishonest fool,” had amassed credit card debts of £180,000.