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

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…

March 06, 2015 BY Maria Nikolova

Phillip Boakes gets 10-year prison sentence over FX Ponzi scheme

Phillip Boakes, who defrauded investors of more than £3.5 million, was today sentenced at Southwark Crown Court to 10 years in jail. Boakes, who ran CurrencyTrader Ltd, a company engaged in Forex spread betting, lured investments using false instruments and taking deposits without having the proper authorization. In running a typical Ponzi scheme, Boakes funded…

July 23, 2014 BY Andrew Saks-McLeod

FCA launches criminal trial against FX fraudster Phillip Boakes

Stratford-on-Avon resident Phillip Boakes appeared at City of London Magistrates' Court yesterday charged with several offences surrounding his activities.

Tag: phillip boakes