Dear Friends:
The news above is from the Times of India (11 03 2012) -bhuban LONDON": An Indian in Britain is faced with deportation after being jailed for over 14 years for running Britain's biggest fraudulent scheme. The 41-year-old Kautilya Pruthi, who ran Britain's biggest Ponzi scheme, pocketed 38 million pounds in a 115 million pounds scam, the Daily Express reported. Pruthi has been branded a "sophisticated and plausible liar" at London's Southwark Crown Court. In the Ponzi-style fraud, named after Italian conman Charles Ponzi, Pruthi would use cash from new investors to pay existing clients. He fleeced nearly 800 investors by offering them huge returns on their cash. Among the victims were former England cricketer Darren Gough and actor Jerome Flynn, each thought to have lost up to one million pounds. Pruthi's two accomplices, John Anderson, 46, and Kenneth Peacock, 43, were each jailed _______________________________________________ assam mailing list [email protected] http://assamnet.org/mailman/listinfo/assam_assamnet.org
