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The criminal gang behind a multi-million pound
boiler room fraud targeted vulnerable people over the phone,
in their local pubs and even pitched up at an England cricket
Hugh Rodley, aged 65, Phillip Dennett, 41, Julian Silver, 43,
Sonny Willis, 28, and Adam Corbett, 31, were today jailed at
Southwark Crown Court for a total of 20 years, having yesterday
been convicted of running an operation that conned at least 600
investors out of approximately £5 million.
City of London Police uncovered a network of ‘investment
brokers’ pressurising people into buying worthless shares in a
clone company of World Aqua Tech International, along with European
Land Development Agency, Art IT and Mediatel.
Investors were told the companies were about to float on the
stock market, guaranteeing them a substantial return on their
Victims then received a contract note, detailing the number and
price of shares they had agreed to purchase and information about
how they should make their payment. Once the money had been
transferred all communication ended.
One man who was directly approached at Lords cricket ground
ended up losing £1million, with fraudsters going as far as
collecting cheques from him in person.
DI Matt Bradford, from the City of London Police:
“This gang went to great lengths to secure a deal, bombarding
hundreds of elderly and vulnerable people with phone calls and even
turning up at an England cricket match in the pursuit of peddling
yet more of their worthless shares.
“It took a forensic investigation to unravel the networks and
systems that facilitated this fraud and expose the men responsible,
with the result sending out a clear warning to anyone thinking of
setting up their own boiler room fraud in the UK.”