Shaun Rumsey et al - Operation Steamroller

Tresadern & Partners SL, Pricestone Group SL, Anderson McCormack SL ?

People

• Shaun Rumsey, aka Shaun Logan (under investigation for fraud as a lieutenant running a boiler room scam in Madrid where losses to investors are believed to exceed US$100 million)
• Daniel Gooding, aka Tresadern
• Jon Emery
• Philip Morris
• Ian Hughes
• Emma Farmer
• Michelle Coleman

These people are all due to appear at City of London Magistrates’ Court on 11 September 2011. Pages on SFO site on this case.

Serious Fraud Office (SFO) Director, Richard Alderman, said: “I am very pleased we have charged another group of people for operating a "boiler room scam" (Wikipedia).”

An investigation launched in 2007 by the Serious Fraud Office (SFO) looked into the supposed brokerage companies that were set up in Spain between 2004 and 2007. The shares sold to unsuspecting Britons in these companies were allegedly worthless. The groups known as Tresadern & Partners SL, Pricestone Group SL and Anderson McCormack SL sold the shares to British investors. However, none of the companies obtained authorisation from the FSA (Wikipedia) or its Spanish equivalent, the Comision Nacional del Mercado de Valores (Wikipedia). Both regulatory authorities have now posted warnings in relation to each of the companies.

Alderman added: "It is important that people never underestimate the lengths fraudsters will go to appear convincing.I would always urge people to do their research before they make any investment."

- From SFO - Operation Steamroller

Suggested connections

Ripoff Report - report on 360 invest group ripoff report

In this (barely readable) report and in this short "rebuttal" also on ripoffreport.com a connection is suggested between these people and 360 Invest Group and New Frontier Advisors. However, until this moment we have not been unable to confirm such a connection.

External links

• Serious Fraud Office (SFO)(UK)
• Financial Service Authority (FSA)(UK)
• Comision Nacional del Mercado de Valores (CNMV)(Spain)