Elie Taktouk’s default sentence finally enforced: 8-year term imposed for failing to pay a £4.5 million Confiscation Order

Recovering proceeds of crime from fraudsters can be immensely difficult. The latest asset recovery statistical bulletin records that the value of confiscation order impositions in the financial year ending March 2024 was £307.9 million, yet only £128.5 million was recovered, falling by 28% compared to that which was recovered in the last financial year.