Fraudulent Forex Dealer Cops To £20.5M Investment Scam

Law360, London (September 7, 2020, 11:15 AM BST) -- A foreign exchange scammer has admitted running a £20.5 million ($27 million) international Ponzi scheme in which he swindled unsuspecting investors out of their money, the Crown Prosecution Service has said.

Joseph Lewis will be sentenced in October after pleading guilty to 19 fraud offenses at Southwark Crown Court, the Crown Prosecution Service has said. (AP Photo/Alberto Pezzali) Joseph Lewis went to a police station and admitted to a decade-long investment fraud he had been running since 2009, the CPS said. Lewis — who led what police called an "extravagant lifestyle" — took money from investors who thought they were investing...

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