Broker Was No Dupe In Laundering Network, Prosecutor Says

By Richard Crump (September 3, 2021, 4:10 PM BST) -- It is inconceivable that former stockbroker Richard Faithfull was duped into working as a banker for the money laundering operation of an international network of boiler room frauds, prosecutors said at his trial in London on Friday.

Faithfull, 31, must have known from the outset that he was handling the proceeds of boiler room frauds, prosecutor Gareth Patterson QC said in closing argument at Southwark Crown Court. He repeatedly demonstrated that he had "a propensity and desire" to be involved in money laundering, Bisgrove added.

Bisgrove said that Faithfull's professionalism and enthusiasm for the role meant it was more likely that he had...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!