Investment fraudsters sentenced to six years for £500,000 crypto scam

Mark Battersby
clock • 2 min read

Two prolific fraudsters have been jailed for their involvement in the sale of shares in a fictitious cryptocurrency, the City of London Police said in a statement on 28 July.  Ross Jay, 33, and Michael Freckleton, 37, were found guilty of conspiracy to defraud and sentenced today at Southwark Crown Court to six years and three months and six years and six months, respectively, following a five week-long trial. The scam revolved around the fictional cryptocurrency called "Telecoin," for which Jay and Freckleton orchestrated a fraudulent sale of shares.  Operating under the guise of ...

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

Join now


Already a International Investment member?