Wife of jailed millionaire promises private prosecutions
The estranged wife of jailed property developer Scot Young has pledged to bring private prosecutions against the bankers she believes helped him to hide his fortune.
Michelle Young told the Evening Standard:
“We are going to bring in private prosecutions on the criminal conspiracy for all the people involved. It is a big list.”
She believes he had hidden as much as £2 billion in offshore companies, claiming: “We can prove that forensically now. It is big business behind this. It is not just a divorce. It involves offshore companies registered in tax havens. This money should be going into the economy.”
Earlier this week, Mr Young was jailed for six months after being found guilty of “flagrant and deliberate” contempt of court after failing to provide court-ordered financial details.
When the couple separated in 2006 after 11 years of marriage, Mr Young was worth an estimated £400 million. The developer was ordered to pay £27,500 a month in maintenance but has reportedly not done so and now claims to be bankrupt and reliant on handouts following a failed property deal in Moscow.
“He is going from party to party with champagne glass in his hand and his current girlfriend, some supermodel or other, on his arm.”
According to the Standard, funding from wealthy backers has allowed Mrs Young to pursue her former husband through the courts for several years.. She recently hired private detectives to track his movements.
The former couple have two daughters.
Photo of the Royal Courts of Justice by kaysgeog via Flickr under a Creative Commons licence
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Marilyn Stowe is the senior partner in Stowe Family Law, which has offices in Yorkshire, Cheshire and London. With more than 30 years’ experience handling divorce cases and family law proceedings she is regarded as one of the most formidable and sought after divorce lawyers in the UK. In 2012, Marilyn became one of the first solicitors to qualify as a family law arbitrator.
All persons mentioned in the scenarios are fictitious: details have been deliberately changed in order to protect identities and other confidential circumstances of my clients. All advice and information on this blog including posts written by guest authors, is given only as a general guide to the operation of the law on the date of publication. Readers must place no reliance whatsoever on the content of this blog and must always obtain their own legal advice. Marilyn Stowe, Stowe Family Law LLP and guest authors accept no liability whatsoever arising as a result of reliance upon its content.
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