The former chairman of a now-defunct trade group that represented the U.K. payment services industry has denied accusations that he helped a gang of Chinese fraudsters route £850,000 from a boiler room fraud through his money services business in London.
The United Kingdom's Crown Prosecution Service issued a press release announcing the sentencing of Dominic Thorncroft, a former payment services industry executive, in connection with the laundering of investment fraud proceeds worth £850,000.
July 30, 2021
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