Boiler room 'investment brokers' jailed for £5m fraud

Jenna Towler
clock

Five men were jailed yesterday for a total of 20 years for running a multi-million pound boiler room fraud.

The City of London Police said the gang targeted vulnerable people over the phone, in their local pubs and at an England cricket match. Hugh Rodley, aged 65, Phillip Dennett, 41, Julian Silver, 43, Sonny Willis, 28, and Adam Corbett, 31, were jailed at Southwark Crown Court for a total of 20 years, having been convicted of running an operation that conned at least 600 investors out of about £5m. City of London Police uncovered a network of ‘investment brokers' pressurising people into buying worthless shares in a clone company of World Aqua Tech International, along with European Land...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Professional Adviser TV: IHT 'uncertainty' and a pigeon hole warning

Professional Adviser TV: IHT 'uncertainty' and a pigeon hole warning

Key message is ‘not to panic’

Professional Adviser
clock 15 August 2025 • 1 min read
Titan Wealth losses widen to £44.7m following acquisition costs

Titan Wealth losses widen to £44.7m following acquisition costs

Revenues climb 44% to £77.4m as group continues expansion drive

Sahar Nazir
clock 15 August 2025 • 2 min read
Feel Good Friday: Benchmark encourages young people to foster financial literacy

Feel Good Friday: Benchmark encourages young people to foster financial literacy

Wesley Harrison shares ‘guide to talking about money’

Professional Adviser
clock 15 August 2025 • 1 min read