A former investment banker and his wife have been ordered to pay more than £1.5m for their benefits from insider dealing and warned they may have to serve extra jail time if they fail to do so.
Christian Littlewood and Angie Littlewood must pay £767,000 each, having already been given jail sentences for their offences. Along with Helmy Omar Sa'aid, they were convicted last year of insider dealing in eight stocks, making a total profit of £590,000. Sa'aid has already been hit with a £640,000 confiscation order. In October 2010, all three pleaded guilty to eight counts of insider dealing related to trading in a number of different London Stock Exchange and AIM listed shares between 2000 and 2008. Christian Littlewood was sentenced to three years and four months in custody, ...
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