UK Front For Philippines Crime Ring Forced Into Liquidation
Law360, London (September 2, 2019, 4:52 PM BST) -- A court has placed four companies into liquidation after they were found to be fronting for a boiler room scam that conned overseas investors out of almost $600,000 by fraudulently selling shares in pharmaceutical companies, a government agency announced Monday.
The four incorporated companies claimed to be trading as IT consultants and software developers. But investigators with the Insolvency Service found they were a front for a crime syndicate that was selling fake shares to overseas investors before laundering the proceeds through the Philippines, the agency said.
Judge Nicholas Briggs approved a petition to the High Court to wind up North...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!