Overview
- On December 19, Judge Blair at Bristol Crown Court found Jeff Arundell’s criminal benefit was £4.8 million and imposed a confiscation order for £4,140,428.59.
- More than £220,000 from the confiscation order is earmarked to compensate the investors who lost money.
- If the sum is not paid, Arundell will face an additional eight years in prison on top of his current sentence.
- Arundell induced a friend and relatives in 2016 to provide about £108,000, used the funds for spread betting, concealed profits, and had amassed millions by August 2017.
- He is serving six and a half years after 2023 convictions for fraud by false representation and money laundering, and police say the case shows offenders will be stripped of criminal gains.