James Stunt ‘£266million Laundering’ revealed in photo

Money Laundering Agency James Stunt

James Stunt, 40, was ‘very practical’ when his company got caught up in the ‘sophisticated’ scam (Image: Guzelian)

A celebrity on trial for his role in £266million money laundering has been forced to answer for photos that allegedly show his staff and brother counting piles of cash in his office.

Businessman James Stunt, 40, is one of eight people accused of laundering criminal money by depositing cash into Bradford gold dealer Fowler Oldfield’s account.

Prosecutors said Tuesday in Leeds Cloth Hall Court it was “blindly obvious to the defendants who searched through huge wads of money between January 2014 and September 2016 that this was criminal money”.

Now CCTV photos have emerged showing a group of men counting and bagging money at Stunt & Co’s London offices in February 2016, the court heard.

One of the images also appears to show Stunt’s brother Lee – who later died of a heroin overdose – sitting in front of the counting machine, organizing himself through cash.

Prosecutor Nicholas Clarke QC claimed the cash counted was “dirty”, saying the photos proved Stunt took “a very practical approach” when his company became involved in the “sophisticated” scam.

Undated handout photo of an image from a video showing James Stunt's late brother Lee Stunt (pictured right, seated) and other company employees allegedly counting laundered money in his brother's office before the jury at Leeds Cloth Hall Court during the Heir Petra Ecclestone's former husband and seven other defendants saw through an alleged network the court heard £266m deposited over two years in the bank account of Bradford gold dealer Fowler Oldfield. Issue date: Thursday April 23, 2020. PA Photo. See PA Story COURTS Stunt. Photo credit should read: CPS/PA Wire NOTE TO EDITORS: This handout photo may be used for editorial reporting purposes only to simultaneously illustrate events, things or people in the photo or facts mentioned in the photo caption. Reuse of the image may require further permission from the copyright owner.

James Stunt’s brother Lee is reportedly pictured here sitting in front of the counting machine (Image: PA)

The cautious courier in James Stunt's'266 million money laundering operation': The court sees the sackman arrive at the'counting office' with €200,000 in cash and then carefully wipe his fingerprints from all surfaces...

£10m passed through his office before being deposited into the bank account of Bradford gold dealer Fowler Oldfield, it is said (Image: CPS).

In the operation, Stunt, the ex-husband of heiress Petra Ecclestone, allegedly turned “criminal money” into gold, the court heard.

£10m passed through his office before being deposited into Fowler Oldfield’s bank account, it is said.

Stunt & Co then used the repatriated funds to buy more than £50million gold bars, melt them down into “untraceable” grains of gold and export them to Dubai, prosecutors say.

Gregory Frankel, a director of Fowler Oldfield and vice president of Stunt & Co, allegedly received the money counting photo from his colleague Alexander Tulloch with the comment “We have a logistics system in place!”.

Five defendants — Greg Frankel, 44, Daniel Rawson, 45, Paul Miller, 45, Heidi Buckler, 45, and Haroon “Harry” Rashid, 51 — all say prosecutors could not prove the money was criminal property acted.

The other defendants – Stunt, Alexander Tulloch, 41, and Francesca Sota, 34 – said they “didn’t know if it was,” Mr Clarke said.

All defendants deny all allegations. The process goes on.

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Justin Scacco

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