Oxford University alumnus sent back to jail over fake green investment scheme

An Oxford University alumnus has been sent back to prison for the non-payment of a confiscation order for his gains from a fake ‘green' investment scheme, the UK's Crown Prosecution Service (CPS) said. Evdoros Demetriou, 82, was returned to prison to serve a default sentence of nine years for failing to comply with the outstanding order of more than £4m following enforcement action taken by the CPS. Demetriou was convicted on 6 November 2017 at Southwark Crown Court of conspiracy to cheat the public revenue. Together with four others he offered a ‘green' tax efficient investment sc...