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David Dixon ordered to pay confiscation

14 Tachwedd, 2016 | Eitemau newyddion

The founder and creator of now defunct companies Arboretum Sports (UK) Limited and Arboretum Sports (USA), David Gerald Dixon, has been ordered to pay a confiscation order of £275,000.  Mr. Dixon was given three months to satisfy the confiscation order or face two years’ imprisonment imposed as default sentence.

Through those companies, collectively referred to as ‘Arboretum Sports’, investors were convinced to invest into what they were told was a no-risk gambling syndicate with the potential for dramatic rates of return. In reality, the scheme was a dishonest vehicle for Mr. Dixon to appropriate the funds of its members.

Mr. Dixon was charged in September 2014 as part of a joint investigation with Hampshire Police.  He was sentenced to three years and 10 months’ custody on each count, and has been disqualified from serving as a company director for ten years.  He is currently subject to the terms of a Serious Crime Prevention Order.

His Honour Judge McCreath ordered that any confiscated sums would be paid in compensation to the victims.  The compensation will be apportioned equally between known victims of the fraud.

The SFO will begin contacting investors in November 2016.  Arboretum Sports investors with queries about compensation payments should contact the case team.