Convicted Fraudster Has Jail Sentence Extended

Wednesday September 7, 2022

A criminal who was jailed for 13 years for his part in a multi-million pound fraud has had his sentence extended for not handing over proceeds from his crime,

Feezan Hameed (31) From Glasgow, who was jailed in 2016 for offences of fraud totalling £15-million, has had his prison sentence extended by seven years at a hearing in London.

Hameed had been ordered to pay back proceeds from crime totalling £2-million which included assets identified by financial investigators from the West Yorkshire Police Economic Crime Unit and also assets believed to be hidden overseas.

He had been ordered to pay the sum under Proceeds of Crime Act during a confiscation hearing heard in May 2019, and whilst all the identified UK assets have been paid over, the overseas ‘hidden assets’ had not.  

A judge sitting at City of London Magistrates Court heard the latest phase of the confiscation on August 26 and took the decision to extend  Hameed’s sentence.

He was initially convicted in 2016 as part of a complex investigation by the Metropolitan Police and West Yorkshire Police into a nationwide fraud ring which masterminded to defraud companies and businesses between 2013 and 2016 of many millions of pounds.

A number of other parties were prosecuted and jailed for their roles in the conspiracy.

Financial Investigation Manager David Charity of the West Yorkshire Economic Crime Unit, said: “We welcome the decision of the judge in these proceedings to impose a further seven year prison sentence against Hameed.” 
“He has failed to pay over his overseas hidden assets and will now face the consequences.  Fraud is not a victimless crime and Hameed’s actions have had a huge detrimental impact on the livelihood of so many people.”
“The force remains determined to do everything it can to ensure those who commit crime do not benefit from crime.
“Hameed will remain liable for the £1.7million on his release from prison if it remains unpaid.”

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