Today at St Albans Crown Court Paul Craven was sentenced to six years for fraudulent trading in connection with the Bordeaux Wine Trading Company Ltd. Oseghale Hayble was sentenced to five years for the same offence for International Wine Commodities.
The maximum sentence is seven years for a single offence.
I understand that Craven wrote to His Honour Judge John Plumstead apologising for his stupidity but the Judge said it wasn't a question of Craven's stupidity rather that he was dishonest. Craven was principally to blame for setting up the fraud. The judge said that the jury's verdict was absolutely correct and that Craven had wasted people's time and money with his highly unlikely defence through two trials.
The judge would have likely to give Craven a longer sentence but his hands were tied with seven years being the maximum.
The judge would have likely to give Craven a longer sentence but his hands were tied with seven years being the maximum.
There will now be proceedings to confiscate the fraudsters' assets.
The investigation was carried out by the Economic Crime Unit of Hertfordshire Police.
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