September 17, 2018 BY Valentina Kirilova

Individual jailed over boiler room scam

UK financial regulator the FCA has announced that Michael Nascimento was today sentenced to 11 years’ imprisonment for his role in a share fraud carried out through a series of boiler room companies which led to the loss of more than £2.8 million of investors’ money. He was the controlling mind, instigator and the main…

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