Tag Archive for: Madeira

News Avatar

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.

Read more