Rosenblatt
  • About
    • Memery Crystal
    • Investors
  • Services

    Services

    Rosenblatt is a disputes powerhouse. Competitive in the best sense, our teams provide incisive specialist expertise and collaborate closely with one another to meet our clients’ needs across the full spectrum of their activities.

    • Dispute Resolution
    • Construction, Engineering and Energy
    • Corporate Investigations
    • Debt Recovery
    • DLT, Digital Assets, and Tokenisation
    • Financial Crime
    • Financial Services
    • Insolvency & Financial Restructuring
    • International Arbitration
    • Probate & Wills
    • Serious & General Crime
    • Tax
    • Non-Contentious & Advisory
  • Insight
  • Events
  • Group Litigation
    • Amazon Legal Action
    • Property Investment Scheme Claims
    • Apple Class Action
  • Contact

Serious Fraud Office | Property Freezing Order | Rosenblatt’s Financial Crime Team

26th November 2020

On 12th November 2020 the Serious Fraud Office (SFO) announced it has recovered £1.2m in a settlement with Julio Faerman in relation to a West London apartment, believed to have been partly purchased with criminal funds linked to systematic bribery in Brazil.

Serious Fraud Office Investigation | Rosenblatt’s Financial Crime Team

Under the terms of the settlement Faerman, a Brazilian national, agreed to pay £1,198,424.78 to the SFO plus £57,000 in costs in exchange for the lifting of a Property Freezing Order and Disclosure Order relating to 8 Tasker Lodge valued at £4.25m.

Faerman was implicated in ‘Operation Car Wash’, an investigation in Brazil which revealed bribery was used to win contracts from Brazil’s state oil company Petrobras. He admitted paying bribes to win contracts as an agent for Dutch company SBM Offshore NV, and is subject to a co-operation agreement with the Brazilian prosecuting authorities, having paid a settlement of around US$54m.

The SFO’s investigation focused on 8 Tasker Lodge and a number of Swiss bank accounts and offshore companies which it believed part-funded its purchase. It is believed the same accounts received payments gained by Faerman when he acted as agent for SBM Offshore NV.

In January 2019, the SFO secured the Property Freezing Order on 8 Tasker Lodge to prevent it being sold and a Disclosure Order to allow it to trace commissions paid to Faerman to facilitate bribes to his purchase of the property. In June 2020, Mrs Justice Cutts dismissed Faerman’s application to discharge the Disclosure Order, stating there was a clear and compelling public interest in maintaining it.

Liz Baker, Head of the Proceeds of Crime and International Assistance Division, said:

“This is an excellent result for the SFO, sending a clear message that we will not sit back and allow the United Kingdom to be a safe harbour for dirty money. We will continue to investigate, confiscate and recover criminal assets which are held on our shores.”

Rosenblatt can help

Rosenblatt has a wealth of experience in financial crime and is uniquely placed to support clients’ that are the subject of a Serious Fraud Office investigation and prosecution having being involved in high profile investigations into a global pharmaceuticals company, a multi-million pound affordable property investment scheme, a multi-million pound pension fraud scheme and a world leading global security company.

https://www.rosenblatt-law.co.uk/services/financial-crime/

Post navigation

Google’s New Privacy Tools Technology Prompts CMA Complaint  
Social Class Discrimination – Time for a New Protected Characteristic for a Post-Covid Britain?

Categories

  • Articles
  • News
  • Videos

Topics

  • Banking & Finance
  • Competition & Regulatory
  • Corporate
  • Dispute Resolution
  • DLT, Cryptocurrencies and Crypto Assets
  • Employment
  • Financial Crime
  • Financial Services
  • Insolvency & Financial Restructuring
  • International Arbitration
  • Investigations
  • IP/Technology/Media
  • Real Estate
  • Tax
Rosenblatt
  • +44 (0) 20 7955 0880
  • info@rosenblatt-law.co.uk

Helpful Links

  • Anti-Modern Slavery Statement
  • Complaints Policy
  • Diversity & Equality
  • Interest
  • Pricing
  • Subscribe to our Mailing List

SRA No. 820215, authorised and regulated by the Solicitors Regulation Authority.

Ce Logo
Uk Top Tier Firm 2026

Rosenblatt is a trading name of RBG Legal Services Limited, a company registered in England and Wales (with company number 13287062) and which is authorised and regulated by the Solicitors Regulation Authority under SRA No. 820215. A list of the directors of RBG Legal Services Limited, together with a list of those persons who are designated as partners of Rosenblatt, is available for inspection at the registered office of the company at 165 Fleet Street, London EC4A 2DY.

Rosenblatt uses the word “partner” to refer to a senior employee or consultant. However, Rosenblatt is not a partnership and the use of the term “partner” does not create or imply a partnership amongst or between any of its employees or consultants.

© 2025 Rosenblatt

  • Privacy Policy
  • Cookie Policy
  • Terms & Conditions

Website by Brighter*IR

link

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

Rosenblatt
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookies should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Performance cookies

These cookies allow us to count visits and traffic so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

More information about our Cookie Policy.