Fake private equity executive sentenced over £154m takeover fraud
A UK day trader who impersonated a private equity executive to orchestrate a fraudulent £154m takeover bid for Touchstone Exploration has received a suspended prison sentence, according to Bloomberg. Christopher Woolcott, 44, was reportedly handed a two-year suspended sentence at Southwark Crown Court after pleading guilty to fraud and forgery charges brought by the Financial Conduct Authority…
We haven't written up this one. Private Equity Wire has the full story — the link below goes straight to it.
