Ponzi schemer jailed for ten years

The Serious Fraud Office announce:

"Convicted fraudster Kevin Foster was jailed for ten years for running an unauthorised investment business and for stealing investors' funds through his £34 million KF Concept scheme..."

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Investors defrauded of £34m

The Serious Fraud Office report that:

"Investment road-show fraudster Kevin Foster has been remanded in custody today after being convicted of defrauding investors of millions of pounds through his various schemes, collectively called KF Concept..."

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SFO: Alleged boiler room conspirators charged

The serious Fraud Office has reported:

"Seven people have been charged this week with conspiring to defraud investors through a series of alleged share scam operations, known as 'boiler rooms'. All are due to appear at City of London Magistrates' Court on Friday 19 March 2010..."

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