Defendants’ assets confiscated in complex fraud and money laundering case

Confiscation proceedings against Roy Jeanne and Michael Timms, who were sentenced to lengthy prison sentences in January 2024 for dishonesty offences targeting the Jersey Mutual Insurance Company, have now concluded. The Confiscation Orders made against the defendants have been satisfied in full with the combined amount of £656,193 having been confiscated and an additional £10,000 paid towards the Attorney General’s costs. The confiscated funds will be paid to the Jersey Mutual Insurance Society following a Compensation Order by the Court.

Jersey’s Attorney General, Mark Temple KC said:

“The substantial confiscation orders made against these defendants ensure that they are prevented from enjoying the criminal benefits they obtained from this complex fraud and money laundering case. 

The Law Officers’ Department’s Economic Crime and Confiscation Unit worked closely with the Joint Financial Crimes Unit of the States of Jersey Police and with the Viscount to ensure that the defendants’ realisable assets were identified, restrained and ultimately, fully confiscated.” 

 

Further information:

Royal Court sentencing in dishonesty case - Law Officers' Department press statement 30 January 2024

Royal Court judgments:

AG v Jeanne and Timms 10-Apr-2024

AG v Jeanne and Timms 30-Jan-2023

19 September 2025