And the prospects of employment is looking very, very poor.
What will his options be?
1. Start proceedings against the council - a case can probably be made that the way the court/council are going about recovery is significantly under valuing the seized assets.
I would be very interested in the pension fund valuation as the figure of £259,000 looks very low for the valuation of an LGPS fund covering 30 years of service - representing a final pensionable salary of around £12,500 pa; likewise, if this is just the lump sum then this would indicate he was on a pensionable salary north of £300,000 pa which also seems unlikely.
2. Use the 5 years in prison to get qualifications (MBA, OU Masters?) in financial systems, fraud and money laundering and so come out and become a speaker on such matters and thus start a renumerative consulting career. At 55~60 on leaving prison, he has potentially 10+ years of gainful employment and the potential to earn £1M - which by using his obvious financial management skills should largely be free of UK tax...
Biting the hand that feeds IT
