Fraudulent Currency Trader Sentence Extended Two Years
Posted: Mon Mar 14, 2016 9:14 pm
The Financial Conduct Authority (FCA) announced today that Phillip Boakes has been sentenced to 730 days of imprisonment for failing to satisfy the full value of a confiscation order made against him. Boakes was originally sentenced to 10 years in prison for defrauding over 30 investors out of more than £3.5 million after soliciting them to invest with his company, CurrencyTrader Ltd. The sentence imposed today is in addition to the term of 10 years of imprisonment that Boakes received on the 6th of March 2015. To date, the full value of the Order to the sum of £165,731 ... (read more)