Cold call investment scam sees 173 elderly victims lose £2.7m

Clint Canning and Eleise Wallace have been convicted in a London court

Hope William-Smith
clock • 1 min read

The perpetrators of a £2.7m investment scam carried out through cold calling have been found guilty of their offences in Southwark Crown Court.

Married couple Clint Canning and Eleise Wallace from Essex were found to have played a leading role in the scam, which primarily targeted elderly people. Canning was found guilty of fraud by false representation in the South London court on Friday (16 December) while Wallace was convicted of a money laundering related offence. The court heard that Canning had been running a binary options investment company, Base 2 Trade, which claimed to be involved in fixed odds betting on the trading direction of businesses. The firm - which is not registered with the Financial Conduct Authority...

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