In April 2010, following accounting irregularities, a former official at the Prince's Foundation and his wife were arrested for fraud believed to total £300,000. Four days later, the foundation announced its closure, claiming that it "has achieved its key objective of promoting the use of integrated health." The charity's finance director, accountant George Gray, was convicted of theft totalling £253,000 and sentenced to three years in prison. The Prince's Foundation was re-branded and re-launched later in 2010 as The College of Medicine.