Fraudster faces 20 years in jail for ‘boiler room’ scam

A MULTIMILLIONAIRE fraudster is facing up to 20 years in a US jail after admitting ripping off thousands of investors in Britain’s biggest “boiler room” scam.

Fraudster faces  20 years in jail for ‘boiler room’ scam

Richard Pope, 53, funded a lifestyle of fast cars, yachts and private jets as his international gang pressurised pensioners over the phone into buying non-existent shares.

His crime empire made more than £100 million (€115m) as more than 2,300 victims were bullied into handing over life savings, detectives believe. One victim alone lost more than £800,000.

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