Boiler room trio jailed for 19 years

A Financial Services Authority probe has resulted in three men going to jail for a total of 19 years for running a boiler room scam. The FSA, working with the City of London police and EU crime body Eurojust, investigated Tomas Wilmot and his sons Kevin and Christopher for defrauding 1,700 investors out of £27.5m through boiler rooms based mostly in Spain. Southwark Crown Court sentenced the men yesterday after finding them guilty of conspiracy to defraud.