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15 year disqualification for Jaunoir director 13 August 2013

A bankrupt company director has been sentenced to 23 months imprisonment and disqualified from acting as a company director for 15 years by Oxford Crown Court.

Simon Levy, aka David Michaels, was sentenced for acting as a director whilst disqualified, as well as perjury, fraudulently obtaining a bank account and omitting to disclose assets to his trustee in bankruptcy.

The conviction follows an initial investigation by The Insolvency Service and a full criminal investigation and prosecution by the Department for Business Innovation and Skills (BIS).

Liam Mannall, deputy chief investigation officer at the Department for BIS, said: “The BIS investigation and prosecution revealed his attempts to thwart justice by use of an alias, a flow of lies about his role in business, his assets in bankruptcy, and omissions regarding bank accounts he held.

“His conviction and sentence should serve as a stark warning to others who think they can abuse insolvency law and cheat those to who they owe money.”

The court heard that in 2005, during his bankruptcy, Simon Levy, using the name of David Michaels, incorporated and became a director of Jaunoir Ltd, a company selling luxury goods online.

Jaunoir Ltd entered administration in 2006, owing £400,000 to the company’s software supplier and £155,799 to a packaging company, among other creditors.

Levy was subsequently adjudged bankrupt for a second time in 2007, again in the name of David Michaels. He then opened a new bank account in September 2008 with the Royal Bank of Scotland using his old and invalid passport in the name of David Michaels and declared that he had never been adjudged bankrupt.

Levy was sentenced to a further 36 months imprisonment to run consecutively in relation to Fraud and Theft charges brought by the Crown Prosecution Service, Oxford.

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