Tag Archive for: Boiler-Room

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Operation Tidworth – 5 Jailed for 17.5 years

Operation Tidworth was the FCA’s second largest ever criminal prosecution.

The instigator and main beneficiary of the fraud, Michael Nascimento, will be sentenced separately on 14 September 2018.

In a case brought by the Financial Conduct Authority (FCA), 5 individuals have been sentenced to a total of 17.5 years’ imprisonment for their roles in a share fraud carried out through a series of boiler room companies which led to the loss of more than £2.8m of investors’ money.

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Do you know this man?

A man from Glasgow placed on FBI’s ‘most wanted’ list

James Alexander Ward, 65 has been on the run for six years after being accused of ripping off victims in a precious metals fraud scheme in Fort Lauderdale, Florida. Ward, also uses the name Jamie, regularly dyes his red hair and uses aliases. He is known to travel to Mexico, Canada, Northern Ireland and Scotland.

The FBI alleges that Ward earned $400,000 via bogus deals involving gold, silver and platinum from at least 12 investors. Ward is accused of violating strict US commodities, law, along with his business partner Nathanial Walker, in 2011.

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