Fraudster has home sold to pay compensation to company he stole £3million from

|News, Proceeds of crime

A fraudster who stole millions of pounds from his employer to spend on lavish properties and jewellery has had his home in Kent sold for £2.7 million to pay as compensation to the company he defrauded. 

Alan Cooper, 56, was convicted of fraud by abuse of position after taking £3million from Chambers Travel Management Ltd in Kent in September 2014 and was sentenced to five years in prison.

Lawyers from CPS Proceeds of Crime then took over the case and found that he had benefitted to the sum of £3,053,767.65. Following an application to the court, a confiscation order was put in place for Cooper to pay £1,671,352 in compensation to his employer.

Cooper did not engage to organise repayment of the order so the CPS applied to the court to activate his default sentence, with the result that he was jailed for a further eight years.

Despite the activation of the default sentence, the CPS continued to pursue the owed compensation and organised the sale of Cooper’s home in Chislehurst, Kent, for £2.7million. A total of £682,653.62 was paid to Chambers Travel Management Ltd and CPS Proceeds of Crime are continuing to enforce the outstanding balance of the order and interest.

Portia Ragnauth, of the CPS, said: “Cooper benefitted from a great deal of money following his crimes and despite a confiscation order being imposed, he made no efforts to pay the £1.6million owed.

“The CPS worked to ensure Cooper had his default sentence activated to increase his prison sentence and continue to pursue the funds available including the proceeds from the sale of his house.

“This case shows that the CPS will go after the funds gained from criminal activity and seek to increase prison sentences where appropriate.”

Notes to editors

  • Portia Ragnauth is a Specialist Prosecutor in the Crown Prosecution Service Proceeds of Crime team.
  • Alan Cooper was convicted of fraud by abuse of position in 2014.

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