Axiom Legal fraudster says UK order against ex-wife means he can't pay back
By Martin Coyle ( September 26, 2025, 12:56 GMT | Insight) -- Fraudster Timothy Schools has been ordered by a UK court to put a “payment plan” in place within the next month as part of a bid by the UK fraud agency to claw back £1 million from him. Schools pocketed almost £20 million from the fraud, and prosecutors said he used the money to fund a lavish lifestyle. But he argues that the seizure of funds from the sale of a lakeside house that belonged to his ex-wife makes it impossible for him to raise the money.Fraudster Timothy Schools was told to put a “payment plan” in place within the next month as part of a bid by the UK fraud agency to claw back £1 million ($1.3 million) from him....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.