Three individuals have been jailed for boiler room fraud. A fourth individual awaits sentencing. The fraudulent businesses were based in the UK, Spain and Ireland and involved complex movements of shares between companies mainly in the UK and Canada. The defendants were also found guilty of contravening the general prohibition in the Financial Services and Markets Act 2000 against carrying on regulated activities without authorisation, and two individuals guilty of transferring criminal property in breach of the Proceeds of Crime Act 2002.
(Source: Jail for Boiler Room Fraudsters)