Home Bankruptacy Counterfeit watch supplier hit with financial disaster restrictions

Counterfeit watch supplier hit with financial disaster restrictions

by Stacey Santos

Of Brighton, Jamie Paul Thorpe (35) has signed an eight-12 month’s Bankruptcy Restrictions Undertaking. It is the modern-day in a chain of restrictions imposed upon Jamie Thorpe in connection together with his buying and selling as Ludgate Watches, a business that offered counterfeit luxurious watches. In June 2015, following a seek for his property, West Sussex Trading Standards seized many items, including watches, which Jamie Thorpe valued at £100,000 in total. The watches, when examined by the unique manufacturers later, have been all confirmed to be counterfeit.

Counterfeit watch supplier hit with financial disaster restrictions 2

Jamie Thorpe was given a 12-month prison sentence, suspended for two years, for change mark offenses and, later, a £28,000 confiscation order following a Proceeds of Crime investigation. He was also made bankrupt for failing to pay the perfect taxes. Bankruptcy restrictions are normally lifted after 12 months but, due to the seriousness of Jamie Thorpe’s offenses, the Insolvency Service launched additional financial ruin proceedings to curtail his sports further.

On 10 June 2019, the Secretary of State for Business, Energy and Industrial Strategy usual eight-year bankruptcy restrictions challenge from Jamie Paul Thorpe of Brighton. Effective at once, Jamie Thorpe is beneath some of the restrictions, consisting of no longer being able to borrow greater than £500 without disclosing his bankrupt reputation, and he can not act as an organization director without the courtroom’s permission.

Liesl Cook, Official Receiver for the Insolvency Service, stated:

Eight years of extended bankruptcy regulations is a big result. It serves as a clean caution to others trying to lie to clients, whether or not online or in character, that, whilst you are stuck, we will significantly curtail your activities.

Notes to Editors
Jamie Paul Thorpe is of Brighton, and his date of birth is September 1983.

Detail of Jamie Paul Thorpe’s Bankruptcy Restrictions Order (BRO) and Bankruptcy Restrictions Undertaking (BRU) is to be had on the Individual Insolvency Register. Bankruptcy regulations are extensive ranging. The effects are equal whether you are a problem to a Bankruptcy Restrictions Order or a project.

It is an offense if you:

do no longer expose your reputation as a personal challenge to financial disaster regulations to a credit score provider if you want to get a credit score of £500 or extra. Keep on the commercial enterprise in a one-of-a-kind name from the name you have been made bankrupt; you should disclose to those you desire to do enterprise with the call (or trading style) beneath which you were made bankrupt. Act as the director of an organization or participate in its promotion,

formation, or management unless you observe the court docket for permission to achieve this. Act as an insolvency practitioner or as the receiver or supervisor of the property of an agency on behalf of debenture holders. Further guidance on the extra results of a financial ruin restrictions order or challenge Persons subject to a BRO/BRU is available. Further information approximately the paintings of the Insolvency Service and how to whinge approximately monetary misconduct is to be had.

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