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Levi John CoyleLevi John Coyle

A criminal convicted whilst on the run is wanted for a 700k boiler room scam

Levi John Coyle, 36, of Colchester, is wanted by the City of London Police for orchestrating a boiler room fraud for which he was found guilty of despite failing to appear at court.

Coyle failed to stand trial at the Old Bailey in September 2013 for selling fake shares and defrauding investors out of £700,000 between 2009 and 2010 whilst he claimed to be a broker.

During this time he cold-called victims to offer stock market shares at discounted prices or for sought after shares that were not at the time available to the general public to buy. However, after paying money, victims never received any share certificates, with the proceeds then being laundered by Coyle.

Coyle was sentenced in his absence to six years imprisonment for conspiracy to defraud, fraud by false representation and money laundering.

Coyle is subject of a bench warrant for his arrest and his image has been circulated to UK enforcement agencies in a bid to trace his whereabouts.

Joseph Ford, of the City of London Police Fraud Investigation Team, said “We are calling upon the public for their assistance in locating Coyle. Coyle must accept the consequences of his crimes, face the courts and begin his jail term handed to him in his absence.”

Anyone with information regarding Coyle’s whereabouts is urged to call the City of London Police on 0207 601 2222. Alternatively, to remain anonymous please call Crimestoppers on 0800 555 111.

 

Image of Levi John Coyle



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