NORTH WEST FRAUD FORUM

Criminals who laundered fraudulently-obtained life savings in £12 million shares scam sentenced

15 Feb 2024 1:09 PM | Anonymous member (Administrator)

Three men who laundered funds fraudulently obtained from 350 people who were tricked into investing more than £12 million in non-existent or worthless shares have been sentenced today.

Some victims invested tens of thousands of pounds they had saved for their retirement and will have to continue working for longer than they had planned. The largest amount lost by a single victim was £300,000.

https://www.cps.gov.uk/cps/news/criminals-who-laundered-fraudulently-obtained-life-savings-ps12-million-shares-scam


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