Money launderer ‘received £1m stolen in cold call scam’

Broadstairs

A money launderer received £1m stolen through a cold calling investment scam, a court heard. Five boiler rooms targeted 70 victims who were convinced to invest in bogus companies Choice Option and Blue Crest Capital Option, it is said. Richard Faithfull, 30, laundered the money and paying it into the fraudsters’ bank accounts between 2017 and 2018. The scam, said to have involved a total of 16 con artists, took place between 2015 and 2016. Fairthfull admitted a single count…

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