15,000 buy fake shares
Posted on March 13th, 2008 by Michael
A father aged 58 and his daughter aged 25 have been charged with money laundering, mail fraud and securities fraud. Living in Florida, they managed to sell worthless shares to British investors.
After stealing the identities of trading companies Paul Gunter sold them fake shares by using aggressive sales techniques starting in 2005.
15,000 people have fallen victim to this scam and have been tricked out of £34m however they are due to appear in a Florida court. If found guilty they could face up to 25 year in jail as well as a fine.
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