Carousel fraudster gets six years

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.

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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