Skip to content
Utilities
Dial 999 in an emergency
Dial 101 in a non-emergency
AA | Accessibility
Logo - City of London Police
Report a crime online
A quick, convenient way to report crime and incidents.

 
Boiler room brochures
Image of brochures

Business partners convicted of producing brochures used to con investors

A man and a woman have been found guilty of overseeing the production and distribution of glossy brochures that promoted fraudulent investment schemes worth £1.5 million.

Following a City of London Police investigation Stuart Still, from Newhaven, East Sussex and Marianne Van Santé, from South Ascot, Berkshire, were convicted at Blackfriars Crown Court of making or supplying articles for use in fraud.

The successful prosecution forms parts of the force’s overarching enquiry into international boiler rooms – Operation Rico – which in February 2014 saw 110 suspected investment fraudsters arrested across Europe.

Still, aged 58, was the co-owner and a director of Zeta Colour Limited, a printing company based in Newhaven that produced the literature for foreign-based boiler rooms. Still was then paid thousands of pounds by the crime gang into accounts directly under his control.

Detectives uncovered how the brochures were sent to people who had been contacted over the phone by boiler room operatives in an attempt to convince them to put their money into fraudulent investment schemes. One victim, who received and read one of the brochures, invested £100,000.

Marianne Van Sante, aged 68, acted as the conduit between the boiler rooms - Cantwell International, Gateway International and Talvest International - and Still.

She made the introductions, sourced investor leads to who the brochures were to be sent and also assisted in the design and printing of the literature.

In 2011 the City of London Police Money Laundering Unit received a referral from the Financial Conduct Authority (FCA) identifying that the defendant Stuart Still was concerned in the printing of promotional material for Talvest International.

In the investigation which followed detectives identified that Still and the companies under his control had been printing for alleged fraudulent investment companies going back as far as 2005.

They were then able to identify that the defendants had also come to the attention of the FCA in 2009 and 2010 for their involvement in the printing and distribution services for Cantwell International and Gateway International and had been warned about their conduct and the potential criminal offences being committed.

In February 2012 Still and Van Santé were arrested at their homes in Newhaven and South Ascot.

After the arrests detectives worked with Devon and Cornwall Police, who already had an investigation underway into the activities of Cantwell and Gateway, and it was through this liaison that a further enquiry was identified in the USA.

The probe by Homeland Security Investigation (HSI) Tampa focused on the money laundering accounts in the US which had been used by the boiler rooms.

The HSI investigation then further linked the criminality with a key subject in the City of London Police’s overarching Operation Rico enquiry.

Detective Constable Barry Butler, from the City of London Police said:

“The brochures that were produced and sold by Still and Van Santé formed an integral part of the sales pitch made by three boiler rooms, giving them credibility and legitimacy in the eyes of potential investors.

“Their conviction also highlights how once an investigation starts the City of London Police will follow all evidence of criminality to bring those responsible to justice, whilst seeking to disrupt and frustrate the activities of key facilitators assisting in these frauds.”

The City of London Police Economic Crime Directorate takes on many of the UK’s most complex and significant fraud investigations. It includes units dedicated to combating money laundering and recovering the proceeds of crime.

The force is also home to Action Fraud (National Fraud Reporting Centre) and the National Fraud Intelligence Bureau, which together records and analyses thousands of reports of fraud each week. Further to this it hosts the Police Intellectual Property Crime Unit (PIPCU) and the Insurance Fraud Enforcement Department (IFED).

Downloads
Brochure image


Notifications