March 15, 2016 BY Maria Nikolova

FX Ponzi scheme architect Phillip Boakes gets additional 730-days prison sentence

At a hearing at the City of Westminster Magistrates’ Court today, Phillip Harold Boakes, the mastermind of a vast-scale Ponzi scheme that defrauded investors of more than £3.5 million, got a 730-days prison sentence, the reason being his failure to pay a confiscation order. The new prison sentence is in addition to the term of…

Read more