USA: Three imprisoned in boiler room fraud
On August 22, 2011 Financial Services Authority (FSA) published that the three men were sentenced today at Southwark Crown Court to a total of 19 years in jail for boiler room fraud, following a long running and detailed investigation by the Financial Services Authority (FSA), City of London Police (CoLP) and Eurojust. The Crown Prosecution Service (CPS) conducted the prosecution. Tomas Wilmot, the ringleader of the operation, has been sentenced to nine years imprisonment, while his sons Kevin and Christopher were given five years imprisonment each. The sentences were passed following the individuals' convictions on four offences of conspiracy to defraud which resulted in £14 million of losses.
The original article can be found at Financial Services Authority .



