Broker Cops To Laundering £1M For Fraud Scheme

Law360, London (April 16, 2021, 6:53 PM BST) -- A former British stock broker pled guilty at a London court on Friday to laundering £1 million ($1.37 million) as part of the Financial Conduct Authority's investigation into an investment fraud scheme.

Richard Jonathan Faithfull entered the plea to a single count of fraud in Southwark Crown Court on Friday following a short hearing with lawyers and prosecutors. 

Faithfull is accused of laundering almost £1 million from investment frauds between June 1, 2017 and Aug. 1, 2018. He was arrested following an investigation by the FCA and the City of London Police.

Faithfull wasn't sentenced Friday and has instead challenged the City...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!