Sentencing adjourned for directors of failed underwriting agency
Two fraudulent ex-directors of failed underwriting agency Shakespeare Underwriting will not have their assets confiscated because they are bankrupt, a court heard.
Jayson Hollier, 40, and Andrew Booth, 60, were due to be sentenced last Friday, but Warwick Crown Court Judge Amjad Nawaz adjourned the sentencing until 18 July so that a psychiatric report on Hollier could be obtained.
Nawaz said the two were “bankrupt”, and both had been released on bail.
Lawyer Bart Casella, representing Hollier, said: “We sought a psychiatric report on Mr Hollier in light of his recent mental condition.”
The pair owed insurers about £2m when Shakespeare went into administration in January 2006.
At Warwick Crown Court in April, Hollier was found guilty of two counts of perjury relating to a case involving Shakespeare and CIA Insurance Services heard at the High Court in May 2006. He was also found guilty of fraudulent trading in the Bentley Group, a holding company.
Booth was found guilty at the High Court in May 2006 of fraudulent trading for Shakespeare, fraudulent trading for the Bentley Group, theft of £45,000, and two counts of perjury relating to Shakespeare and CIA.