Financial Crime Financial Crime

UK stockbroker jailed for laundering millions from boiler-room frauds

By Martin Coyle
  • 09 Sep 2021 06:43
  • 09 Sep 2021 07:10
A British stockbroker who fell in with a “den of thieves” and used his firm to launder millions of pounds from a boiler-room fraud was today sentenced to almost six years in jail by a London court.

Richard Faithfull, 31, who pleaded guilty to one count of money laundering in April, laundered 2.6 million

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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