Ponzi Fraudster hit with £64 million Confiscation Order
On 19th June 2025, Southwark Crown Court made a £64 million confiscation order – one of the highest ever - against Ponzi fraudster Anthony Constantinou in a case prosecuted by David Durose KC. David prosecuted the trial in 2023 at which Constantinou was convicted of fraud and money laundering. Constantinou received 14 years imprisonment, with an additional 14 years on top if he fails to pay the £64m order.
Constantinou took over £70m from clients of his firm CWM, pretending to invest the money in FOREX markets. Instead, he spent much of it on sports sponsorships (Chelsea FC, Wigan Warriors, Honda MotoGP), a lavish wedding and parties. Constantinou fled the jurisdiction halfway through his trial. Southwark Crown Court also ordered that all funds confiscated go towards compensating Constantinou’s victims, who lost nearly £50 million altogether – around £64 million when adjusted for inflation.