The former wife of a crooked lawyer who carried out a 'breathtaking' £146m fraud could have cash seized from her recently-sold £1.5million house amid claims it was bought with criminal proceeds and the couple are 'still in a romantic relationship'.
Cumbria-based solicitor Timothy Schools raked in millions of pounds from his victims, pocketing cash invested into his Cayman Islands-registered Axiom Legal Financing Fund.
But by the time he was caught the proceeds had vanished, with the prosecution 'unable to identify any bank balance in his name in excess of about £50.'
He was jailed for 14 years in August 2022 after being convicted of three offences of fraudulent trading, one offence of fraud by abuse of position, and one offence of transferring criminal property at Southwark Crown Court.
A confiscation order of just £1,083,67.38 - representing 'tainted gifts' to others - with five years' extra jail time in default was made in January this year, leaving almost all of the swindled millions unaccounted for.
