A man has been jailed after being found guilty of a £20.5m foreign exchange investment scam that lasted over a decade. Joseph Lewis, 65, was sentenced to five years and four months in prison at Southwark Crown Court on Friday, October 16. He had previously pleaded guilty to 19 counts of fraud by false representation at a hearing in September 2020. The Yorkshire-based fraudster told victims their cash would be used in a lucrative FX-trading venture before he spent it on a globe-trotting life of luxury. Many of his victims were investing their money to save towards retirement or to...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes