Director jailed for near £9m investment fraud

Nowell was sentenced at Hull Crown Court on 29 May after pleading guilty to two counts of fraud and one count of operating an unauthorised, unregulated investment scheme at previous hearings. A Crown Prosecution Service (CPS) and the Humberside Police investigation proved that Nowell was the director of a company called ‘Investing4you', which claimed it traded on the foreign exchange (Forex) markets and recruited hundreds of investors. The majority of investors came from Scunthorpe and North Lincolnshire. Nowell told investors that, once the company received money from them, he wou...