British Investors 'Bear Brunt of Sky Capital's Pounds 87m Fraud'

Summary

---

UP TO 400 retail investors in the UK are alleged to have been conned out of more than $110 million (Pounds 68 million) in the giant "boiler-room" investment fraud that saw a host of arrests in New York, it emerged today.

The FBI yesterday arrested the founders and senior directors of AIM-listed Sky Capital Holdings on charges that they ran a $140 million investment fraud for eight years.

See the full content of this document

Extract

---

British Investors 'Bear Brunt of Sky Capital's Pounds 87m Fraud'

Federal investigators swooped on the six men after a three-year probe into allegations of investment fraud and share price manipulation on th...

See the full content of this document

---