Trevor Baines

John Trevor Roche Baines (born 19 December 1939) is a British convicted criminal, formerly a businessman, who claimed to have amassed an estimated fortune of over £130 million, through banking, financial trading, and investment in the Miss World competition.[4]

Trevor Baines
Born
John Trevor Roche Baines

19 December 1939 (1939-12-19) (age 80)[1]
Formby, Lancashire, England[2]
NationalityBritish
OccupationCriminal convict, former Businessman
Home townFormby, Liverpool, England
Net worthBankrupt
Criminal charge(s)Money laundering, false accounting and theft
Criminal penalty8 1/2 years in total
Criminal statusImprisoned
Spouse(s)Wendy Baines[3]

He was sentenced to six years imprisonment in November 2009 by a Manx Court, after it was determined that he was guilty of money laundering and false accounting. The laundering - the far more serious charge - alleged was that he and two others had administered a trust fund in excess of $100 million, which was acquired by others and independently of Baines as a result of a share push scam or a pump and dump fraud known as the AremisSoft fraud.[5] The prosecution alleged that once the funds came to be managed by or through him, he knew of the provenance of the fund and administered it with that knowledge (the level of knowledge required for criminal liability is suspicion, though that suspicion has to be proven beyond reasonable doubt). He did not benefit directly from the fund itself but did receive payment by the fund for his administration of it.[6] One of the two individuals, Roys Poyiadjis, responsible for the original scam was subsequently sentenced to a non-custodial term. The other remains at large.

References
  1. Trevor Baines at Directorcheck.co.uk
  2. IOM Examiner, November 2009.
  3. Wendy Baines at Directorcheck.co.uk
  4. "The Times & The Sunday Times". www.thetimes.co.uk. Retrieved 10 July 2020.
  5. "Roys Poyiadjis and Lycourgos Kyprianou and AremisSoft Corp. et al.: Lit. Rel. No. 17641 / July 31, 2002". www.sec.gov. Retrieved 10 July 2020.
  6. "Isle of Man tycoon jailed with wife over £110m Wall Street scam". the Guardian. 12 November 2009. Retrieved 10 July 2020.
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