Six found guilty over £2.7m boiler room scam
In a criminal prosecution brought by the FCA, three defendants have been found guilty for their roles in a series of boiler rooms which led to the loss of more than £2.7m of investors’ funds.
.jpg?v=20737dfc5d142dbabe0b84bc00b88290 "Six found guilty over £2.7m boiler room scam")
A further three defendants had pleaded guilty earlier in the proceedings.
The defendants are due to be sentenced at Southwark Crown Court at a later date and confiscation proceedings will follow.
A reporting restriction currently prohibits the reporting of information which could identify two of the Defendants who face separate criminal trials in 2018.
The FCA says it will release further details of the investigation, including the identity of the Defendants, once the reporting restriction is lifted.
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