UK convicts nine in $117 million boiler room scam
An Australian ringleader and his British co-conspirators have been found guilty of defrauding investors of more than $117 million in the UK’s biggest boiler-room prosecution, the Serious Fraud Office said.
Jeffrey Revell-Reade, 49, was convicted last week of leading a conspiracy that cheated more than 1,000 investors who were sold shares in companies that didn’t exist.… Continue Reading