Fifth prison sentence for fraudster who obstructed SFO
The Serious Fraud Office (SFO) has secured an additional 13-month prison sentence against Dr Gerald Martin Smith for obstructing the confiscation of his assets. Smith, already imprisoned for coronavirus (COVID-19) loan fraud, attempted to prevent the seizure of a Bloomsbury flat by transferring ownership to a British Virgin Islands company he covertly controlled. Smith further impeded the property's sale by changing locks and arranging tenants. The SFO also uncovered Smith's breach of a spending limitation order, as he received funds from his brother and subsequently spent over £53,000 on luxury dining and holidays. This case underscores the SFO's commitment to pursuing hidden assets and enforcing court orders against convicted fraudsters.