Judge jails 2 British men for investment fraud | The Malaysian Insight

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Judge jails 2 British men for investment fraud

TWO British men were sentenced to six months in prison by the Sessions Court in Shah Alam today after pleading guilty to charges of running a fraudulent international online investment scheme.

Peters was charged with two counts of running the scheme, instructing McNicholas under the pseudonyms ‘David Henshaw’ and ‘Henry Paxton’ to deceive a Scottish citizen with guaranteed high profits from a short-term investment by purchasing shares in two non-existent companies.McNicholas also faced two charges of cheating the same person.

Earlier, lawyer Muhammad Rafique Rashid Ali who represented the two accused, asked for a minimum sentence on the grounds that they were first offenders, had no previous convictions and had co-operated fully throughout the investigation. Malaysian Anti-Corruption Commission deputy public prosecutor Mohamad Fadhly Mohd Zamry asked for a sentence commensurate with the crime, taking into account the public interest.

 

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