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AG v Jeanne and Timms 10-Apr-2024 - Confiscation Hearing.

01/05/2024

The following extract is recorded in the AG v Jeanne and Timms Confiscation Hearing:-

  1. The benefit in the case of Mr Jeanne was in the sum of £4,541,582.60 that is an agreed figure and includes an uplift to reflect the increase in the purchasing value of the money that he had.  It is also agreed that his realisable assets are £511,323.06.
  2. The Confiscation order therefore is in the sum of the realisable assets because that is how the law is structured and that has to be paid, as I have indicated within 12 months.  It is accepted that that money should be used to meet a Compensation order to Jersey Mutual and so we order that Compensation order is made.
  3. In Mr Timms case the benefit has been agreed and the benefit that he got from his crimes is £144,870.50.  His realisable assets which have very largely come from his share in the property are in the sum of £585,758.30 so he is in a financial position to repay all of the benefit he achieved.
  4. We make the Confiscation Order in the sum of £144,870.50 and that will be paid towards the Compensation order to be made to Jersey Mutual, and as I have said, we order him to pay £10,000 costs.
  5. In relation to the Confiscation order, as I have already indicated there will be a default sentence in the case of Mr Jeanne of 3½ years, and a default sentence in the case of Mr Timms of 2 years.
  6. We will not expect enforcement action to be taken on the costs until the realisation of the assets has been achieved or the confiscation order paid whichever is the sooner..

Source - AG v Jeanne and Timms 10-Apr-2024 - Confiscation Hearing.

JERSEY

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