Constantinou
Between 2013 and 2015, he deceived hundreds of people into believing that he could generate annual returns of 60% through "risk-free transactions" on the Foreign Exchange (FX) markets. However, he pocketed the money for himself instead of investing the funds.
In 2016, Constantinou was convicted and imprisoned for sexual assault. During his recent fraud trial, he absconded, resulting in a conviction in his absence at Southwark Crown Court. An international arrest warrant has been issued, initiating a global manhunt for him. Sentencing in absentia is scheduled for June 9, 2023.
Detectives from the City of London Police uncovered evidence of Constantinou's extravagant expenditures, including £3 million spent on lifestyle events, such as his wedding and a CWM launch party. During police questioning, he denied any knowledge of fraud and opted to remain silent in response to further inquiries.
A jury, however, found him guilty in absentia of fraud by false representation, two counts of fraudulent trading, and four counts of money laundering. Emma Beazley from the CPS praised the investigative work of the City of London Police and acknowledged the support of the victims in bringing justice to the case.
Detective Inspector Nichola Meghji of the City of London Police described Constantinou as a career criminal driven solely by his financial gain, with no regard for others.
In addition to his fraudulent activities, Constantinou gained notoriety in 2016 when he was sentenced to a year in jail for sexually assaulting two women. The incidents occurred during five months of extravagant behaviour, including pouring vodka down employees' throats and engaging in wild after-work celebrations reminiscent of the film "The Wolf of Wall Street." His victims' testimonies contradicted his claims of innocence.
Constantinou, the son of fashion tycoon Aristos Constantinou, had previously showcased his high-rise headquarters to Princess Anne and had a sponsorship deal with Chelsea Football Club. His criminal actions and reprehensible conduct highlight a disregard for the well-being of others, demonstrating the serious nature of his offences.