£4m boiler room fraudsters jailed

Brian O'Brien, Lynne D'Albertson and James Pye, trading under the name Secure Trade & Title in Sussex, were jailed for a total of 20 years. Southwark Crown Court yesterday heard the trio sold shares in two companies to help them raise capital through the sale of their shares. Unbeknown to them, their shares were being sold to investors at far higher prices than agreed. Investors were also told money to purchase the shares would not be sent to sales operations in Spain or Ireland but to an independent third party with an escrow account in a British branch of Lloyds TSB Bank. However...