A man who stole more than £4 million of investors money through a variety of bogus 'Get rich quick' investment schemes was ordered to repay over a million pounds of the money he stole, after he was made subject of a confiscation order by a judge at Southwark Crown Court today.

Lindani Mangena, London N11, was found to have benefited from his crimes to the figure of £4, 395,748.  He was then made subject of a confiscation order for £1,476,167 for which he has six months to pay, if he fails to repay the amount then he will have to serve a default prison sentence of up to 5 and half years.

Mangena, along with Dean Hinkson, London SE25, and Curtis Powell, Croydon, was originally arrested by City of London Police officers back in January 2004.

The three men ran a company under the name of JNL Distributions Ltd offering a variety of bogus investment opportunities designed to dupe investors into parting with their cash with exaggerated claims of high returns. The fraudsters convinced victims that their expertise through spread betting would more than treble their money.

They had no financial expertise and were not registered with the Financial Services Authority, and targeted members of the Seventh-day Adventist Church who knew little about personal investment plans and trusted the financial advice they were given.

As the scam began to grow, the men began to fund a lavish life-style, spending money on designer labels and luxury watches, paying for First Class air travel and placing reservations on expensive properties as well as buying a collection of high value vehicles.

The money that is received as part of the confiscation order will be used to meet the compensation order in respect of a schedule of investors who will receive partial compensation.

- Hinkson and Powell were required to pay  compensation orders of £8,191.25 and £13,200 respectively.
- Lindani Mangena, aged 23, Upper Park Road, London N11 was found guilty on fraudulent trading, money laundering and carrying on unauthorised investment business.  He was sentenced to seven years.
- Dean Hinkson, 29, of Albert Road, London SE25 was found guilty of communicating an invitation or inducement to engage in investment activity.  He was sentenced to 15 months.
- Curtis Powell, 30, Croydon was found guilty of communicating an invitation or inducement to engage in investment activity.  He was sentenced to 15 months.