Overview

• On June 19, the City of London Police issued a £64 million confiscation order that carries a default 14-year jail term for non-payment.
• Anthony Constantinou was convicted in absentia in June 2023 of fraud, fraudulent trading and money laundering and sentenced to 14 years in prison.
• His firm, Capital World Markets, enticed 312 investors with promised 60% annual returns on foreign exchange trades and raised £70 million between 2013 and 2015.
• Court evidence revealed he spent investors’ funds extravagantly, including a £2.5 million wedding in Santorini and a £70,000 birthday party for his son.
• After fleeing the UK with a fake passport during his trial, he is believed to be hiding abroad, possibly in Turkey or Dubai.