CMOC Sales & Marketing Ltd v Person Unknown & Ors  EWHC 2230 (Comm) showcasing what thorough and creative working can achieve in the battle against the fraudsters. It is vital to be able to identity the alleged fraudsters with the details any onward transfers.
Being able to ensure 35 international and overseas banks froze the assets of the fraudsters and the stolen fund is quite the feat and now with enforcement the next step it appears this game of hide and seek is nearly up!
Young: Creative approaches The Commercial Court has issued what is believed to be the first worldwide freezing order over the assets of ‘persons unknown’ who committed a large-scale, international financial fraud via the internet. One of a number of innovative approaches taken in the case, such injunctions have hitherto been used in trespass or online libel cases. The order was made a year ago but only because public in the last few days in the trial of CMOC Sales & Marketing Ltd v Person Unknown & Ors  EWHC 2230 (Comm).