British fraudster jailed for 11 years over $57m worldwide Ponzi scheme

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British fraudster jailed for 11 years over $57m worldwide Ponzi scheme

British citizen James Moore, 60, was sentenced on 1 February to 140 months in prison for helping design and operate a scheme to defraud more than 800 investors of more than $57m by making false and fraudulent representations about, among other things, the management, profitability, and operations of a co-working space company called Bar Works Inc. and related entities (Bar Works). In addition to the prison term, Moore was sentenced to three years of supervised release and also ordered to pay restitution...