The FSA has secured its first criminal conviction for boiler room fraud in a cold-caller share scam operation.
David Roger Griffiths Mason has been sentenced to two years in prison and disqualified from being a director for six years after pleading guilty to 13 counts of carrying on a regulated activity without authorisation at Southwark Crown Court. He also pleaded guilty to one count of making false or misleading statements, promises or forecasts and three counts of money laundering. Between November 2008 and May 2009 Mason coordinated the cold-calling and sale of shares in EduVest Plc . In total, 32 people invested £270,000 in the belief that EduVest would be listing on the PLUS stock excha...
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