Seven facing jail for £8m bio-diesel investment fraud

Based in Spain, the operation targeted thousands of investors in the UK, applying "high pressure telesales techniques" to push shares in Worldwide Bio Refineries (WBR), a bio-diesel company, according to the Serious Fraud Office (SFO). Dennis Potter, who lived in Singapore, was found guilty of conspiring to defraud investors in his company, WBR, during 2005 and 2006, while fellow company director Redmond "Ray" Charles Johnson pleaded guilty to the same offence. Steven John Murphy and Greg Pearson, both of Marbella, and Paul Daniel Murphy and Lee Eliot Homan, both of Hertfordshire, wer...