Harsh fraud sentencing trend continues – a clear message of deterrence
Louise Bennett, 17 February 2017
Two City traders convicted over £141m banking fraud, LNB News 26/01/2017 150. [Subscription]
Two City traders have been convicted of conspiring to defraud a Russian bank of more than £141m in a series of complex frauds. Georgy Urumov was convicted of two counts of conspiracy to defraud, two counts of conspiracy to commit fraud by false representation and one count of conspiracy to commit money laundering. Vladimir Gersamia was convicted of two counts of conspiracy to defraud and one count of conspiracy to commit money laundering. The pair will be sentenced on 27 January 2017. Continue reading “Article: Harsh fraud sentencing trend continues – a clear message of deterrence”
