All in, Britons John Andrew Nordmann, 53 and Timothy Nicholas Goldring, 58, and Nordmann's Singaporean wife, Geraldine Anthony Thomas, 44, of Profitable Plots faced 86 counts of abetment by conspiracy to defraud investors in an investment scam.
They had allegedly persuaded investors to put money into a scheme to be used exclusively to finance the purchase of Boron CLS Bond, a chemical-based lubricant technology.
Through an agent, the trio allegedly lied to investors that even major corporations had a stake in the Boron investment scheme. Each investor sank in between US$2,000 and US$300,000, and was allegedly promised a 12.5 per cent return-on-investment in six months at most.
ORIGINAL SOURCE
Content used in this not-for-profit blog remain the property of their respective owners.
No comments:
Post a Comment