Richard Faithfull
Failing to pay under Confiscation Order *
Sentence
499 days in prison
Richard Faithfull, convicted money launderer, was sentenced to an additional 499 days in prison for failing to fully pay the money owed under a Confiscation Order. In 2021, he was sentenced to 5 years and 10 months for laundering £2.5 million as part of a trans-national organised crime group involved in proceeds from at least 7 overseas investment frauds. He was required to pay back £529,961 based on available assets but had only paid £349,214.37. He had been released from custody in June 2025.
Additional sentence activated for failing to pay £529,961 under Confiscation Order (only £349,214.37 paid). Originally sentenced in 2021 to 5 years and 10 months for money laundering. Confiscation Order made 23 July 2023, varied to £529,961 on 12 March 2024 with default term reduced to 45 months.