Boiler room scammer jailed over £1.5m fraud

Robert Scott, from Newmarket, creamed off payments made by approximately 600 UK investors for the worthless shares, the Serious Fraud Office (SFO) says. High pressure sales techniques were used to convince investors to buy shares in GlobalCom Trading Limited, a computer based virtual marketplace, and Alternative Diesel Investments Limited, a bio diesel company, neither of which were trading or generated revenue. Scott, who is also now banned from acting as a company director for 12 years, would receive payments from investors and issue them with share certificates, in a scam which spa...