A scam artist who tricked investors into believing he was a trading genius was today sentenced to seven years in prison at Southwark Crown Court.
Ben Wilson, branded a 'maestro' by lawyers for the Financial Conduct Authority (FCA), operated at Ponzi-style scheme under the regulator's radar for years. He was originally sentenced to nine and a half years but got a discount due to pleading guilty to the charges. Wilson admitted that between January 2007 and 2010 he failed to trade investors' money as he should have, lied about the value of funds and the returns they would generate, and used client funds for his own benefit. He had tricked investors, many of whom were closely related to friends and family, into believing he was ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
