A courier at the heart of James Stunt’s £266million money laundering enterprise used his hat as a glove, gripped notes with his knuckles and stashed a secret ‘code word’ in his sock to avoid being linked to ‘criminal behaviour’, a court heard.
The jury at the socialite’s trial was shown the CCTV video of the suspect who delivered £200,000 in notes to the Fowler Oldfield ‘counting room’ in Bradford as the prosecution detailed its case against eight people in the dock.
Prosecutor Nicholas Clarke QC told the jury that the footage of a man handling cash was taken long before the pandemic, so there was only one reason to wipe down surfaces. He said: ‘This was not legitimate business. This was criminal behaviour. A criminal delivering the proceeds of crime and well aware of forensic traces he might leave’.
James Stunt, the former husband of heiress Petra Ecclestone, is alleged to have been at the heart of the money laundering scheme to turn criminal cash into gold.
Newly released footage showed a particularly careful courier is shown covering up any forensic evidence of his presence at every stage. The unidentified man is shown arriving at the Bradford office on August 19, 2016, carrying a holdall stuffed with cash.
He handles parcels using the heels of his hands or his closed knuckles, so as not to leave fingerprints, and used his cloth cap as a makeshift glove. He then wipes down the packaging with his cloth cap, and wipes down every surface he has touched, with the cap, his sleeves or a tissue.
The courier was given what the prosecution claimed was a code word used in the alleged money-laundering operation, on a scrap of paper and tore the paper into small pieces and stuffed them into his sock. A little later, he went to the toilet, but again wiped down every surface, including the bolt lock on the cubicle.
CCTV shown to the jury at James Stunt’s trial showed a courier using his hat and a wrist to avoid putting his fingerprints on a bin liner of cash (left) as he lifted it and put it in a holdall (right)
At one point the courier tore up a note on a yellow piece of paper and stashed it in his sock
James Stunt with his girlfriend Helena Robinson outside Leeds Cloth Hall Court this morning
The former husband of Formula One heiress Petra Ecclestone (pictured today) is one of eight defendants on trial over an alleged network which the court heard saw millions of pounds deposited in the bank account of Bradford gold dealer Fowler Oldfield over two years.
It came as a photograph shared on WhatsApp of staff counting bundles of cash was also alleged to be incriminating evidence in a £266million money laundering trial against businessman James Stunt and his associates.
Stunt took ‘a very hands-on approach’ as his company became involved in a ‘sophisticated’ £266million money-laundering operation, prosecutors have claimed.
Mr Clarke QC said the picture was taken in the London offices of Stunt and Co in February 2016 and shows staff counting large amounts of ‘dirty’ cash. The man sat on the right in front of the counting machine is Stunt’s now dead brother Lee Stunt, who worked with him at the time and later died from a heroin overdose.
Tens of millions of pounds passed through his office before being collected by the security company G4S and the Post Office and deposited into the bank account of Bradford gold dealer Fowler Oldfield, Leeds Cloth Hall Court has heard.
More than £46million was sent back to Stunt and Co who spent more than £50million buying gold bars from a bank which was then turned into grains of gold and exported to Dubai, the court heard. It was part of a complex scheme to convert the proceeds of crime into untraceable gold, the jury was told.
Gregory Frankel, a Fowler Oldfield director and Vice-President of Stunt and Co, was allegedly sent the money-counting photo by colleague Alexander Tulloch with the comment ‘we have a logistics system in place!’ The court heard Frankel was heavily involved in the laundering operation, and delivered some cash himself. Another message sent to Frankel by another co-defendent, shown to court, said: ‘James not happy though . . . James wants to know what his profit is for this week. Concerned about profitability etc’.
He was not paid a salary by Stunt for his role in the company but had use of his apartment in London and a Lamborghini car.
Heidi Buckler, 45, Gregory Frankel, 44, Paul Miller, 45, Haroon Rashid, 51, Daniel Rawson, 45, Francesca Sota, 34, James Stunt, 40 and Alexander Tulloch, 41, all deny money laundering. Stunt and Sota also deny forgery.
James Stunt’s late sibling Lee Stunt (pictured right, seated) is one of the Stunt company staff counting allegedly laundered money in his brother’s office in an image sent on WhatsApp and shown to the jury
CCTV shown to the jury shows cash being counted and then packaged up during an alleged £266million money-laundering operation
The former husband of Formula One heiress Petra Ecclestone is one of eight defendants on trial over an alleged network which the court heard saw millions of pounds deposited in the bank account of Bradford gold dealer Fowler Oldfield over two years.
Prosecutors claim the ‘criminal cash’ was brought into business addresses owned or managed by Stunt and his co-defendants between January 2014 and September 2016.
Leeds Cloth Hall Court previously heard that hundreds of thousands of pounds at a time was brought in carrier bags and holdalls to Fowler Oldfield in Bradford, West Yorkshire.
Prosecutor Nicholas Clarke QC said the defendants hid the origin of the money by washing it through a company bank account and using the proceeds to buy gold.
On Wednesday jurors were shown messages between Stunt’s employees and co-defendants Alex Tulloch and Francesca Sota, and staff at Fowler Oldfield. The court heard one message from Tulloch in November 2015 said: ‘James not happy though… James wants to know what his profit is for this week. Concerned about profitability etc.’
The court was told another message from Tulloch in April 2016, when Stunt was living out of the country, said: ‘Ensure that I get updated at least daily on £ in London and Bradford. Gold sold: Lock ins (Scotia), Cookson’s, Dubai. Refining: Any material coming out of the refinery.’
Mr Clarke QC said this showed Stunt was ‘taking a very hands-on approach even though he was a very long way away at the time’.
He said that Stunt was the owner and director of Stunt & Co but ‘delegated much of the responsibility to others’.
The prosecutor told the court: ‘He was not involved in the day-to-day management of the buying and selling of gold and was not included in most of the correspondence via electronic means.
‘However, emails between others demonstrate that he was very much aware of and authorised what was going on.’
Jurors were told the alleged money laundering then ‘went national’ as one of Fowler Oldfield’s directors, Greg Frankel, became a vice president of Stunt & Co, and Stunt’s premises in London also started receiving cash.
Five defendants from Fowler Oldfield – Greg Frankel, Daniel Rawson, Paul Miller, Heidi Buckler and Haroon ‘Harry’ Rashid – all say the prosecution cannot prove that any of the cash was criminal property.
Stunt, his late brother Lee and colleague Alex Tulloch are all mentioned in proceedings
This graphic shows how prosecutors claim the alleged money laundering took place
Jurors were shown messages between Stunt’s employees and co-defendants Alex Tulloch (left) at Fowler Oldfield. Right, Defendant Heidi Buckler
Five defendants from Fowler Oldfield – Greg Frankel, Daniel Rawson, Paul Miller (pictured), Heidi Buckler and Haroon ‘Harry’ Rashid – all say the prosecution cannot prove that any of the cash was criminal property
Wads of suspicious Scottish cash (left) with an ‘unusual smell’ were seized by police. This was then used to buy gold from two Birmingham suppliers, the court heard
The former husband of Formula One heiress Petra Ecclestone is one of eight defendants on trial over an alleged money laundering network
During one month in 2016 an average of £1.7million was being paid into the Fowler Oldfield account every day. Pictured: A bag stuffed full of cash that was found by cops
Stunt, 40, is one of eight defendants charged with money laundering cash that was taken to premises (pictured) owned by Bradford gold dealer Fowler Oldfield between January 2014 and September 2016
The court heard Fowler Oldfield was a small family jewellery company that used to buy, in relatively modest amounts, scrap gold from the jewellery trade which would then be melted down or refined into larger amounts
Nicholas Clarke QC said it was ‘blindingly obvious this was criminal cash’ being washed through a company account in a classic money laundering scheme to make the funds appear legitimate
Police found cash and bags that were being held inside the safe within the office of Fowler Oldfield’s premises
James Stunt with Petra Ecclestone and her father Bernie Ecclestone in Mayfair in 2010
Stunt and the defendants from his company – Tulloch and Sota – say they ‘don’t know whether it was’, the court has heard.
But prosecutors say it is ‘blindingly obvious this was criminal cash’ and each of the defendants ‘must at the very least have suspected that the source of the money was criminal in origin’.
Jurors were told West Yorkshire Police launched Operation Larkshot to investigate large amounts of cash being credited to the bank account of Fowler Oldfield and collected from three sites – Fowler Oldfield’s own premises, the offices of James Stunt in central London and a new company called Pure Nines in Hatton Garden.
Mr Clarke said substantial amounts of cash were being paid into a bank account of Fowler Oldfield Limited from 2014.
He told jurors they aroused the suspicions of bank staff because ‘they were of such an amount, on a daily basis, as may come from a Premier League football stadium on a match day or similar size venue or event’.
The wider investigation discovered that from January 1 2014 until September 16 2016, more than £266million in cash and unknown deposits were paid into the Fowler Oldfield bank account, the court heard.
Buckler, 45, Frankel, 44, Miller, 45, Rashid, 51, Rawson, 45, Sota, 34, Stunt, 40 and Tulloch, 41, all deny money laundering. Stunt and Sota also deny forgery.
Stunt married Ms Ecclestone, daughter of F1 tycoon Bernie Ecclestone, in Italy in 2011. They had three children together but divorced in 2017.