A businessman and telecoms specialist was sentenced to six years in jail on Friday after pleading guilty to a £60m missing trader fraud scam.
Mark Selby, 39, made £2m from the plan, which cost the UK about £60m as a whole, the FT reported.
Carousel fraudster gets six years
Telecoms specialist sent down in scam that cost the UK £60m
Accountancy Age, 19 Jun 2006
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Mr Justice Burnton, sentencing, said: 'Although you were not the main player or the instigator, you knew what the purpose of these transactions was… The role you played was an essential role – there had to be an importer.'
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