Advert.

Do NOT tell your scammer he is posted here, or report their accounts as it puts others at risk!

UK man pleads guilty in US to role in investment scam

Did you read about scams in the papers, or see it on TV? Let us know.

UK man pleads guilty in US to role in investment scam

Unread postby SlapHappy » Thu Nov 08, 2018 3:18 pm

https://www.njherald.com/article/20181107/AP/311079859

New York News
UK man pleads guilty in US to role in investment scam
The Associated Press
Posted: Nov. 7, 2018 8:00 am Updated: Nov. 7, 2018 11:23 am


BUFFALO, N.Y. (AP) — Federal prosecutors in western New York say a man from the United Kingdom has pleaded guilty to being part of an international boiler room operation that scammed 250 investors out of nearly $3 million.

The U.S. Attorney's Office in Buffalo says 47-year-old David Cole of Coventry, England pleaded guilty Tuesday to conspiracy to commit wire fraud.

Prosecutors say Cole participated in a scam operated out of Barcelona, Spain, that bilked investors in the UK and Canada to buy "nearly worthless shares of restricted stock at severely inflated prices."

Some of the investments were funneled through a bank account in western New York before being sent to overseas accounts controlled by 12 members of the operation.

Cole faces a maximum penalty of 20 years in prison and a $250,000 fine when he's sentenced in February.
If anyone asks you for money on the Internet they are always a scammer, 100% of the time.
Blackmail Scammed? Go here: https://www.scamsurvivors.com/blackmail/#/
FAQ viewtopic.php?f=3&t=19
Victim of a scam? Go here: https://scamsurvivors.com/forum/viewtop ... =3&t=26504
User avatar
SlapHappy
Retired admin/co creator
 
Posts: 44968
Joined: Tue Apr 17, 2012 5:18 am
Location: Just a face in a magazine, watching you post your scammer's details.

Return to Media reports.

Who is online

Users browsing this forum: No registered users and 24 guests