SFO recovers £1m more from mega UK boiler room fraud across multiple jurisdictions

clock • 2 min read
SFO recovers £1m more from mega UK boiler room fraud across multiple jurisdictions

The UK's Serious Fraud Office (SFO) will be returning over £1m to more than 200 victims, following what it describes as one of the largest boiler room frauds ever pursued by a UK authority. The SFO said in a statement on 28 April that its seven-year investigation, codenamed Operation Steamroller, led to the successful prosecution of Australian national and mastermind of the fraud, Jeffrey Revell-Reade in 2014. He was sentenced to nine years and six months in prison and handed a total confiscation...

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