Cox, Victor

Victor Cox was convicted in March 2004 of conspiracy to defraud, conspiracy to use false instruments, and conspiracy to facilitate entry into the UK.

Mr Cox received a sentence of seven years’ imprisonment, a disqualification for eight years under section 2 of the Company Directors Disqualification Act 1986, and a confiscation order of £405,998.33 with five years’ imprisonment in default.

The CCRC received an application for review of the sentence in January 2007.

Following review, the CCRC concluded that there was a real possibility the confiscation order would be reduced owing to a mathematical error in the calculation of the total sum of realisable assets.

This error had overvalued Mr Cox’s assets by £4,000. The order could only be corrected via a reference to the Court of Appeal.

In addition, the CCRC found that there was a real possibility the Court of Appeal would reduce the default sentence attached to the confiscation order.

The CCRC referred the confiscation order in July 2008.

The Court of Appeal amended the confiscation order to £401,000 in November 2008 and reduced the default sentence to four years’ imprisonment.