Fraudster jailed for £400k payment recovery scam

Mark Battersby
clock • 2 min read

A fraudster has been jailed for duping a victim out of nearly £400,000 in a payment recovery fraud, the UK's Crown Prosecution Service said in a statement on 13 December. Emmanuel Okunoren received a four- and half-year custodial sentence for fraud by false representation at Exeter Crown Court. The Devon and Cornwall police investigation and CPS prosecution demonstrated that Okunoren gained the trust of the victim and deceived them, by falsely claiming that he worked for a company called TMT investments, which was in fact a sham. The victim had originally lost money from a previo...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?