Shamed Scots lawyer jailed over £1.5m money laundering scheme declared bankrupt
dailyrecord.co.ukA lawyer who was jailed for a £1.5million money laundering operation has been made bankrupt with debts of almost £100,000. Alastair Blackwood, 68, was sentenced to seven years in prison for his part in the dirty money scheme, which included the hacking of a football club owner's bank account.The cash was funnelled through the client account of Paisley-based law firm Robertson & Ross, where Blackwood and colleague Iain Robertson were company directors.
Robertson, 70, was jailed for eight years for his part in the fraud and three other men also received prison sentences for their involvement.It has now emerged Blackwood, who is serving his sentence in Shotts Prison in Lanarkshire, applied for bankruptcy after running up debts of £96,907.
It was approved by the Accountant In Bankruptcy - Scotland's insolvency service - last week.A trustee will now be appointed to recover money for creditors but Blackwood, from Dunlop, Ayrshire, has claimed he has no remaining assets.
It has not been revealed who he owes the money to as his bankruptcy did not go through the courts.The men were jailed in January at the High Court in Glasgow after being convicted of fraud and multiple charges under the Proceeds of Crime Act following a nine-week trial.
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