Seven men have been sentenced to a total of 39 and a half years imprisonment for carrying out an £8m investment fraud in a Spanish boiler room operation.
The men were sentenced at Ipswich Crown Court yesterday for their part in an operation involving the selling of shares in bio-diesel company Worldwide Bio Refineries Ltd (WBR). Following a trial, six defendants were convicted by the jury on September 12 and another pleaded guilty at the start of the trial in June. Dennis Potter of Singapore (DOB 02/04/39) and Redmond "Ray" Charles Johnson of Tyne and Wear (DOB 19/09/44) were the directors of WBR. Potter was sentenced to seven years imprisonment and Johnson - who pleaded guilty under a SOCPA arrangement - was sentenced to three year...
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