Boiler room fraudster sent to jail

Michael McInerney of Richmond, North Yorkshire, was convicted of three counts of money laundering at Southwark Crown Court following a joint investigation by the Financial Services Authority (FSA) and City of London Police. He had acted as a banker for fraudulent share sales orchestrated by Tomas Wilmot, Kevin Wilmot, and Christopher Wilmot, who controlled a syndicate of boiler rooms that defrauded an estimated 1,700 investors out of £27.5m. The Wilmots were jailed in August 2011 for a total of 19 years, while McInerney himself was originally arrested on 31 October 2007. Although t...