Guppy sentence appeal fails
Friday 29 April 1994
The Court of Appeal rejected argument that the prison term was excessive, but cut fines of pounds 539,000 to pounds 227,000 and converted them into a compensation order in favour of the Lloyd's insurers defrauded by Guppy when they paid pounds 1.8m for a bogus gems robbery. His partner Benedict Marsh, had his five-year sentence cut to four years.
The two were sentenced at Snaresbrook Crown Court last March for conspiracies to defraud, steal and commit false accounting, and VAT offences.
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