Three fund managers have been sentenced for a large-scale fraud at Southwark Crown Court today (20 February), which added up to losses of $8.45m (£7.06m) meant for the people of Libya.
The Crown Prosecution Service (CPS), revealed that Frederico Mariono, 56, was found guilty of fraud by abuse of position of trust and sentenced to seven years and six months imprisonment. He will be disqualified from acting as a director for 12 years. Yoshika Ohmura, 47, was charged with fraud by abuse of position of trust and sentenced to three years and six months. He will be disqualified from acting as a director for five years. The third city worker, Aurelien Bessot, 47, was found guilty to fraud by abuse of position of trust and sentenced to 15 months imprisonment suspended for t...
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