Home Scam/Fraud Pair sentenced to 19 years for £36m investment fraud

Pair sentenced to 19 years for £36m investment fraud

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Two individuals have been sentenced to a total of 19 years in jail for their roles in a £36m boiler room fraud.

Paul Seakens and Luke Ryan were sentenced to 13 years and six years imprisonment respectively at specialist court Prospero House Southwark after being convicted of fraud and money laundering.

The pair were directors of Enviro Associates which sold Voluntary Emission Reduction (VERs) carbon credits to individuals but made false claims about returns.

They targeted the elderly and inexperienced investors, according to the Crown Prosecution Service, which said the carbon credits, which were essentially worthless, were sold to…

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