Serious Fraud Office
SFO charges former Serco directors with fraud
The Serious Fraud Office has charged two individuals with fraud and false accounting in relation to its investigation into Serco’s electronic monitoring contract with the Ministry of Justice.
Nicholas Woods, former Finance Director of Serco Home Affairs, and Simon Marshall, former Operations Director of Field Services within Serco, have been charged with fraud by false representation and false accounting in relation to representations made to the Ministry of Justice between 2011 and 2013. Nicholas Woods is additionally charged with false accounting in relation to the 2011 statutory accounts of Serco Geografix Ltd.
This follows the SFO’s completion of a deferred prosecution agreement (DPA) with Serco Group subsidiary Serco Geografix Ltd, which was approved by Mr Justice William Davis on 4th July 2019.
The investigation remains active and we are unable to comment further at this time.
Notes to editors:
- Simon Marshall and Nicholas Woods have been charged jointly with one count of fraud by false representation, contrary to section 1 of the Fraud Act 2006 and one count of false accounting, contrary to section 17(1)a of the Theft Act 1968. Simon Marshall has additionally been charged with two counts of fraud by false representation, contrary to section 1 of the Fraud Act 2006 and Nick Woods has additionally been charged with one count of false accounting, contrary to section 17(1)a of the Theft Act 1968.
- The DPA with Serco Geografix Ltd (SGL) was agreed in principle on 3 July 2019 and given final approval by Mr Justice William Davis on 4 July 2019. More information can be found here.
- The full judgment of Mr Justice Davis can be found here and the DPA and Undertaking by Serco Group are published here. The Statement of Facts is subject to reporting restrictions and cannot yet be published.
- Under the terms of the DPA, SGL was ordered to pay a financial penalty of £19.2 million, and the full amount of the SFO’s investigative costs (£3.7m). This is in addition to the £12.8m compensation already paid by Serco to the MoJ as part of a £70m civil settlement in 2013. The DPA was also accompanied by an undertaking in which Serco Group, SGL’s parent company, agrees to ongoing cooperation with the SFO and other law enforcement and regulatory authorities, reporting evidence of fraud by itself or related companies and individuals, any necessary strengthening of its Group-wide Ethics and Compliance functions, and annual reporting on its Group-wide assurance programme.
- The SFO has applied to extend reporting restrictions relating to the DPA Statement of Facts and the naming of individuals involved in the DPA hearing. Please see the attached draft applications, to be decided by Justice William Davis on 17 December 2019.
Latest News from
Serious Fraud Office
EURIBOR bankers ordered to pay over £1.2 million06/03/2020 13:33:00
Two men convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) have been ordered to pay over £1.2million in confiscation orders and costs.
Former Barclays executives acquitted of conspiracy to commit fraud02/03/2020 16:48:00
Roger Jenkins, Richard Boath and Thomas Kalaris were recently (28 February 2020) acquitted of fraud in the UK’s first trial of bank executives for misconduct during the 2008 Financial Crisis.
SFO enters into €991m Deferred Prosecution Agreement with Airbus as part of a €3.6bn global resolution03/02/2020 13:43:00
The Serious Fraud Office has entered into a record-breaking Deferred Prosecution Agreement (DPA) with the global aerospace company Airbus SE following its approval recently by Dame Victoria Sharp, President of the Queen’s Bench Division.
Anna Machkevitch found guilty of failing to comply with a Section 2 notice30/01/2020 12:33:00
Anna Machkevitch was today found guilty of failing to supply documents required by the SFO, contrary to Section 2 (3) of the Criminal Justice Act 1987.
SFO agrees Deferred Prosecution Agreement in principle with Airbus as part of a global resolution29/01/2020 12:43:00
Following the announcement by Airbus yesterday, the Serious Fraud Office confirms that a Deferred Prosecution Agreement has been reached in principle between itself and Airbus.
SFO secures over £434K for victims of solar panel fraudsters21/01/2020 11:47:00
Two men who were part of a group that defrauded investors, many of whom were elderly and some who parted with their hard earned savings, have now been ordered to pay back £434,835.73 to those they swindled or face additional time in prison.
Three individuals acquitted as SFO confirms DPA with Güralp Systems Ltd20/12/2019 16:37:00
Cansun Güralp, Andrew Bell and Natalie Pearce were today acquitted of conspiracy to make corrupt payments in relation to payments made to a South Korean public official between 2002 and 2015.
Solar panel fraudsters ordered to pay £413,206.10 compensation to victims28/11/2019 16:20:00
Two men who scammed millions of pounds from 760 vulnerable victims in a fraudulent solar panel scheme were yesterday ordered to pay confiscation totalling £413,206.10.
SFO’s Alstom case concludes with sentencing of Alstom Network UK Ltd25/11/2019 16:25:00
Alstom Network UK Ltd has today been ordered to pay a total of £16.4 million for conspiracy to corrupt relating to a contract to supply trams in Tunisia. This sentence comprises £15 million in fines and £1.4 million in costs.