Capital + Merchant fraudsters get top-up on prison sentences from FMA charges

Thu, 27 Jun 2013

June 28 (BusinessDesk) - Convicted Capital + Merchant fraudsters Wayne Douglas and Neal Nicholls have had their prison sentences topped up after pleading guilty to Securities Act charges of making untrue statements in offer documents. Douglas had another eight months added to his seven-and-a-half year jail term and Nicholls was sentenced to a further 12 months to his same-sized jail term, the Financial Markets Authority said in a statement. The pair pleaded guilty to the Securities Act charges in February after fellow directors admitted simila...

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