A former director of an investment firm, Imperial Consolidated Group, which managed over £250 million of investors' funds, was sentenced at Blackfriars Crown Court today for his part in a global fraud conspiracy.
Director, Richard Alderman, in his letter to the Attorney General on the SFO's progress in the year 2009-10, reported that the SFO case-load averaged 86 last year. When he was appointed it was working on 65 cases.
Two men were sentenced at Ipswich Crown Court today for running an illegal high pressure, share-pushing operation from call centres in Spain. Around 1,250 investors in the UK were persuaded to buy over £7 million worth of shares.
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