Four charged with fraud over alleged £1.4m investment scheme
Defendants will appear at Southwark Crown Court on 2 May 2023
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Defendants will appear at Southwark Crown Court on 2 May 2023
This was part of an UK-wide police investigation to tackle fraud
On average, scam victims lost around £9,000
Multiple victims across the UK have reported losing varying sums of money
UK government ‘is likely to continue to invest in this high-end form of tax enforcement’
Victims were current and former professional basketball players
‘Criminal group has left a path of destruction and financial ruin’
39% claim that their investigative and research skills are helping them spot signs of fraud
Investigation has found over 4,700 victims – but numbers expected to rise
Victims ‘suffered financial hardship as a consequence of the defendants’ greed’
Scammer targeted and cold-called at least 175 victims
He is accused of duping more than 20 victims out of just over £5m