A convicted money launderer in the U.K. is being sent back to prison after failing to fully pay the amounts ordered by the court when he was convicted.
In 2021, following a prosecution brought by the U.K.’s Financial Conduct Authority (FCA), Richard Faithfull was convicted of money laundering in connection with a series of offshore investment frauds.
At the time, he was sentenced to five years and 10 months in prison, and ordered to pay £562,636. That amount was adjusted down to £529,961 in 2024, and in mid-2025 he was released from prison.
Now, Faithfull is being sent back to jail for an additional 499 days, for failing to fully pay the monetary order against him. The FCA said that he has paid £349,214.37 toward the order.
“Mr Faithfull’s crimes enabled millions of pounds to be scammed from innocent victims. He tried to evade justice. Now, having failed to repay what he should, it’s right he is put back behind bars,” said Steve Smart, executive director of enforcement and market oversight at the FCA, in a release.
After serving the added prison sentence, he will continue to be liable for the outstanding debt, the FCA said.