£40 million Fraud Trial Collapses

Tom Allen represented one of seven defendants who have been discharged after a £40 million fraud trial collapsed after 4 weeks.

The seven defendants all denied the single charge of becoming concerned in a money laundering arrangement between 29 April 2013 and 11 March 2014.

Jurors heard the victims of the scam included Chester Zoo, who lost £1.26m; South Essex College, who lost £1.4m; North Herts College, who lost £424,000; brewing firm AB InBev, who produce Budweiser and Stella Artois lager, lost £511,000; and health care provider Care UK, who lost £1.43m.

The case was reported by the Telegraph.