Freddy David

"I was going to jump in front of a train but I wanted to face Freddy David in court"

- Victim who lost entire life savings

Freddy David is a convicted fraudster from Borehamwood in England. He was the founder, main owner, and managing director of HBFS Financial Services through which he defrauded 55 people, including friends, the elderly, and disabled people. He took a total of £14.5 million including many people's entire savings. The money was gambled online, spent on holidays, invested in a restaurant, and used to pay private school fees for David's children.

During his crimes which lasted ten years he also ran his business legally at the same time with only around 5% of the money passing through it being connected to the fraud. He told victims they could get 8% per year from their money but instead transferred it into his own bank accounts.

Towards the end he was arrested and interviewed twice. He began paying off suspicious investors by using money from recent victims to pay older ones, and tried to sell his company but it eventually collapsed. In February 2018 he handed himself in to police and confessed. He subsequently received a six year sentence at Southwark Crown Court on July 30, 2018. He will serve 3 years inside prison and 3 more on parole. Hearings are pending to confiscate his assets and use them to partially compensate victims.