James Stunt, a former art collector known for his extravagant lifestyle, was acquitted of participation in a £266m money-laundering operation after a five-month trial. While Stunt was cleared of charges, his four co-defendants faced conviction in the case where they allegedly laundered proceeds through companies to purchase gold. Stunt insisted he was unaware of the criminal conspiracies and claimed his business was legitimate. His background includes a connection to the art world and a high-profile marriage, but he faced bankruptcy after his lifestyle became untenable.
James Stunt, the bankrupt socialite, was found not guilty of money laundering in a £266m operation, while four co-defendants were convicted.
Prosecutors alleged Stunt's London office facilitated laundering operations through his gold refinery, leading to a significant profit from the criminal enterprise.
Despite his flamboyant lifestyle and past connections to the art world, Stunt claimed ignorance of the illegal conspiracies involving his business dealings.
Stunt's background includes a high-profile marriage to Petra Ecclestone and a bankruptcy declaration following a series of questionable financial and art dealings.
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