Former adviser jailed for laundering £2.5m

Richard Faithfull was jailed after a four-day court hearing to determine the true facts of the case. He had previously pleaded guilty but the Financial Conduct Authority disputed his version of events that sought to minimise his involvement in the offences. Judge Tomlinson on Thursday (9 September) sent Faithfull to prison and remarked that his "serious offending" was linked to the "human misery caused by boiler room fraud". He was also disqualified from being a company director for 10 years. Faithfull, the FCA said, laundered £2.5m as part of a trans-national organised crime group fo...