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Chris Daw QC secures freedom for financier in a major prosecution by the National Illegal Money Lending Team

18th March 2019

Chris Daw QC, instructed by Shaun Draycott of Draycott Browne, achieved the successful resolution of a major financial services and money laundering prosecution, brought by the National Illegal Money Lending Team.

The court accepted Mr Daw’s argument that his client, Craig LaPenna, offered a vital lifeline to many small businesses, denied funding by banks and other mainstream lenders.

Mr LaPenna was described by one borrower as a “godsend” and the case raised important questions about the approach to business lending by financial institutions.

As a result of the settlement, negotiated on Mr LaPenna’s behalf, he received a suspended sentence and his wife was conditionally discharged.

Chris Daw QC has significant expertise in major financial and regulatory cases and can be consulted for advice on regulatory processes and pre-charge investigations, as well as defending serious criminal proceedings.

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