Tag: financial fraud

April 19, 2016 BY Maria Nikolova

UK court orders boiler room fraudsters to pay £11 million in compensation

Southwark Crown Court today ordered convicted fraudsters Jeffrey Revell-Reade and Anthony May to pay a total of £11, 001,000 in compensation, following an investigation by the UK Serious Fraud Office into a large-scale boiler room fraud. Jeffrey Revell-Reade, 51, was ordered to pay a £10,751,000 confiscation order, whereas Anthony May, 60, was ordered to pay…

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