A gang that used aliases from films and TV shows have been jailed for orchestrating a cold-calling Ponzi scheme that defrauded victims of £1 million.
Scammers Sujanthan Sotheeswaran, 35, Darren Peck, 43 and Denis Deegan, 49, have employed fake identities inspired by TV series like Suits, The Riot Club, and Hart to Hart, to defraud victims.
Operating under the guise of ‘brokers’ for a company initially named Choice Option, later rebranded as Blue Crest Capital Options, they aggressively cold-called individuals, coercing them into investing in a managed account scheme, City of London Police said in a statement.
According to financial records, Sotheeswaran, Peck, and Deegan ranked among the highest-earning 20 per cent of staff. They received payments directly from investors who were cold-called and coerced by the brokers to participate in the scheme.
Investors were informed that they were prohibited from conducting trades independently, with only the brokers having the authority to execute trades.
The investment entailed depositing funds with the company, which claimed to trade on the binary options market, promising profits for both investors and the company. Investors were assured of a fixed monthly return and an overall profit after 12 months.
However, the trading platform employed by Choice Option lacked a connection to a banking system, leaving investors’ funds entirely at the discretion of the defendants. The trial established that the investment proposal was,…