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CPS secures £23.6m Confiscation Order against cryptocurrency fraudsters

Copyright © 2025 LexisNexis

Published on: 20 January 2025

Published by LNB News

LNB News 20/01/2025

Document Information

Issue Date: 20 January 2025

Published Date: 20 January 2025

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Crown Prosecution Service (CPS) has successfully obtained Confiscation Orders totalling £23,629,031 against three individuals convicted of a high-value cryptocurrency fraud. Stephen William Boys, Kelly Caton and Jordan Kane Robinson were ordered to pay back criminal proceeds after exploiting a loophole in an Australian cryptocurrency exchange, dishonestly obtaining over £20m. The CPS Proceeds of Crime Division worked closely with Lancashire Police and the North West Regional Organised Crime Unit to identify and recover assets. This case demonstrates the CPS's ability to target international proceeds of cyber-enabled crime, with £450m recovered from Confiscation Orders in the last five years, including £88m returned to victims as compensation.

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