Alastair Smith, instructed by the Financial Conduct Authority and leading Natalie McNamee, secured the convictions of four defendants for their involvement in a £1.4 binary options trading fraud. Over a period of two years the defendants had defrauded over 120 victims by persuading them to invest in a false trading platform. The defendants used a complex web of offshore companies and accounts in an attempt to hide their offending. Following a two-month trial at Southwark Crown Court, three defendants were convicted of offences relating to Fraud and attempting to pervert the course of justice and sentenced to a total of 23 years. A fourth defendant awaits sentence for a regulatory offence.
Cases | 11 Apr 23