Jeanne and Timms: 9 and 4 years, respectively, for larceny, money laundering, and fraud.

The former general manager of Jersey Mutual Insurance Society, who defrauded the company out of almost £3.4 million, has been jailed for nine [9] years. The man who helped him by falsifying invoices in return for lucrative contracts with the firm has been jailed for four [4] years.

• Roy Anthony Jeanne (73) was charged with and pleaded guilty to three counts of larceny, falsification of accounts, money laundering, and conspiracy to commit fraud.
• Michael John Timms (74) pleaded guilty to two counts of conspiracy to commit fraud.

The Superior Number of the Royal Court – which convenes for the most serious cases – heard that:-

1. Jersey Mutual manager Roy Anthony Jeanne (73) spent much of the money he stole on gambling and a villa in Spain.
2. Michael John Timms (74) received £160,000 and contracts for his company.

The sentencing followed a long and complex investigation named Operation Lavender, which spanned 13 years and involved specialist financial investigators supported by forensic accountants investigating Jeanne and Timms's offending.

Detective Inspector Aiden Quenault, of the Joint Financial Crimes Unit, said:

• “This case reflects the complexity of financial crime investigation but also highlights the dedication, perseverance and skill of the investigators and the Law Officers Department prosecutors involved in the case.
• “The States of Jersey Police are committed to thoroughly and diligently investigating all types of offending, and financial crime is no different; those seeking to benefit from abusing their position in business and laundering their illicit gains will be identified, investigated, and prosecuted.
• “Every effort will be made to confiscate and return any proceeds of crime to victims.”

SOURCES