Episode Details

The Serious Fraud Office (SFO) in the UK successfully obtained its first Unexplained Wealth Order (UWO) to seize a £1.5 million property believed purchased with funds from a £100 million fraud. This legal tool, introduced in 2017, compels the owner, Claire Schools, to explain the property's origin within 28 days; failure to provide a legitimate explanation could result in the property's seizure. This action follows the SFO's recent recovery of £1 million from the convicted fraudster, Timothy Schools, and marks a significant step in recovering assets from criminal activity. The SFO intends to use this case as a precedent for future investigations and asset recovery.