Former Doctor Spared Prison For Spending Frozen Assets

By Richard Crump (July 29, 2022, 2:55 PM BST) -- A British businessman convicted of stealing £35 million ($42 million) from a software company was spared further imprisonment on Friday for using secret bank accounts to splash out tens of thousands of pounds on an extravagant lifestyle in breach of a restraint order.

Gerald Smith was sentenced to eight months imprisonment for contempt of court when he appeared before Judge Christopher Butcher at a High Court hearing, although he suspended the sentence for 18 months.

Judge Butcher said he was "satisfied the contempt in question merits a custodial sentence," but said he found that the "appropriate punishment doesn't require an immediate...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!