Broker 'Worked As Banker' To Global Boiler Room Fraud
By Richard Crump (September 1, 2021, 4:35 PM BST) -- A former stockbroker accused of acting as a "banker" for an international boiler room scam played a key role in laundering the criminal proceeds of the fraud, according to evidence presented by prosecutors at a trial in London on Wednesday.
Prosecutors produced SMS messages, photos, spreadsheets and "fake" invoices that, they allege, show that Richard Faithfull was closely involved in laundering more than £1 million ($1.4 million) from investment fraud between June 2017 and August 2018.
Faithfull admitted a single count of money laundering in April but is seeking to lessen a potential sentence on the grounds that he was initially...
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