Solicitor liable for assisting boiler room share scam

The Court of Appeal has upheld the decision by the High Court in December 2004 that John Martin and Adrian Sam &Co (ASC), the former London-based law firm at which Martin was a partner, were involved in an illegal overseas investment firm’s activities in the UK and that they had to repay money to investors. The Financial Services Authority (FSA) brought the case after it became apparent ASC had assisted Steven Wilkinson, trading as Apex Equities and then as Great British Investors, operate an illegal boiler room in Spain between August 2000 and October 2001. Wilkinson and the boiler room...