India, Sept. 9 -- The Serious Fraud Office (SFO) has secured £1.1 million from the sale of a Lake District house in an investigation involving its first use of an Unexplained Wealth Order (UWO).
Investigators traced criminal funds to a five-bedroom property called 'Hope Springs House' belonging to Claire Schools, ex-wife of convicted fraudster Timothy Schools.
The house, which includes a two-bedroom lodge and views of Lakeland Fells, was purchased using money from School's former husband's multi-million-pound investment scheme fraud involving no win, no fee law firms.
The UWO was granted at the High Court in January this year, with Claire Schools selling the property in April.
Schools' ex-husband, Timothy, was convicted in 2022 and...