Conspiracy to Defraud is an alleged agreement between two or more parties to defraud another. Defraud means to deprive a person dishonestly of something which is his or of something to which he is or would or might but for the perpetration of the fraud be entitled.

Due to this wide definition, this can take any number of different forms and the penalty can often be serious (up to 10 years’ imprisonment). Some of these offences are very complex requiring detailed attention and analysis. Rustem Guardian Solicitors are experts in defending clients who have been charged with Conspiracy to Defraud and can provide the expertise required to successfully defend these difficult cases.

Boiler Room Fraud

Boiler room fraud is the practice of selling overvalued stock or stock in phantom companies. Usually a letter or email (occasionally a phone call) is made to a ‘target’. The communication seeks to persuade the target to part with cash which it is alleged will result in a far greater return at some assured future point in time. This can take the form of an offer of shares at a low price for example, with a guarantee that the shares in question are about to significantly increase in value.

These offers are often extremely sophisticated and appear to the target to be absolutely genuine. Ultimately, however, the target loses their investment and the promised gain never materialises. These types of case are often prosecuted by specialist teams within the CPS and occasionally by the FSA due to their complexity and the inevitable regulatory offences which are often committed in perpetrating this ‘boiler room’ fraud.

Rustem Guardian Solicitors are a law firm that have successfully represented a number of clients said to be involved in this type of activity and our specialised team has years of experience dealing with such cases.

See interview at the BBC by Mr Rustem, the Managing Partner on our Media and News page.

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