43-year-old
Spyros Constantinos was found guilty this afternoon at London's Old Bailey of defrauding investors for around £1 million. The jury found him guilty on all ten
counts – six relating to fraudulent trading including running a fraudulent
business and intent to defraud and four offences of acting as a director whilst
disqualified.
Sentencing will be in around 28 days time – hopefully Spyros Constantinos will receive a substantial prison sentence.
More to follow shortly.
I wonder. What good is it to sentence such a chappy to jail? Does it foster his reimbursement of the amounts he owes? Does it prevent a new swindle once he's set free? Doesn't it increase the risk of him encountering other crooks ? It's really a question I put. Of course, we all like the idea of a "punishment", a penalty. But, for the victims, what counts is getting back their money. For society, we all hope he will never be allowed to run a business involving "trade" to any extent. I'm quite convinced emprisonment won't deter this type of villain to do it again, given half a chance. So maybe very heavy administrative sanctions forbidding him to become a manager, or a salesman, or the likes of it might be more contributive. What do you think?
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ReplyDeleteAnon. Thanks for this. Good to see action against Blakeney Bridge as they preyed on the elderly as so many others do.
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