14-07-2009
14-07-2009Six charged in US with 'boiler room' fraud | ||
Six former executives at Sky Capital, a stockbroker once listed on London's Alternative Investment Market, were charged by US authorities with fiddling investors out of $140m (£87.2m) by operating a so-called "boiler room" fraud in which shareholders' funds were used to bankroll lavish boardroom lifestyles including corporate jets, luxury hotels and adult entertainment. Read more. |