Former Imperial Consolidated director jailed for 3 ½ years

clock

A former director of investment firm Imperial Consolidated Group has been sentenced 3 ½ years imprisonment for his part in a global fraud conspiracy.

William "Bill" Godley, who was sentenced today at Blackfriars Crown Court, was also disqualified from acting as a company director for six years, says the SFO. Godley, together with three other company executives, was charged in 2006 with a single count of conspiracy to defraud in an internationally promoted scheme attracting over £250m from approximately 3,000 investors. The investigation was conducted with Lincolnshire Police. Investors believed their money would be used to finance a commercial loans business from which they would gain interest. The fraud operated from premises o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read