London - An Indian in Britain is faced with deportation after being jailed for over 14 years for running Britain’s biggest fraudulent scheme.
The 41-year-old Kautilya Pruthi, who ran Britain’s biggest Ponzi scheme, pocketed 38 million pounds in a 115 million pounds scam, the Daily Express reported.
Pruthi has been branded a “sophisticated and plausible liar†at London’s Southwark Crown Court.
In the Ponzi-style fraud, named after Italian conman Charles Ponzi, Pruthi would use cash from new investors to pay existing clients.
He fleeced nearly 800 investors by offering them huge returns on their cash.
Among the victims were former England cricketer Darren Gough and actor Jerome Flynn, each thought to have lost up to one million pounds.
Pruthi's two accomplices, John Anderson, 46, and Kenneth Peacock, 43, were each jailed for 18 months.
| Other Articles: |
 |
Britain's problem drinkers are middle-aged professionals (10th Mar, 2012) |
|
Was Titanic's captain drunk? (10th Mar, 2012) |
|
Make learning easy for boys: Chinese lawmaker (10th Mar, 2012) |
|
Israel won't strike Iran’s nuke assets in near future: Netanyahu (9th Mar, 2012) |
|
Chinese air force has trained 328 female pilots in the past six decades (9th Mar, 2012) |
|
Neither computers nor gold, Chicken is China's biggest illegal import (9th Mar, 2012) |
|
Ex- Mehran Bank President Habib says Ghulam Ishaq, Gen Beg forced him to give politicians Rs400m (9th Mar, 2012) |
|
Romney worried about winning against Obama: McCain (9th Mar, 2012) |
|
Anti-Muslim, anti-gay hate groups on the rise in US: Report (9th Mar, 2012) |
|
Pak approved HR bill to restrict intel agencies from detaining citizens illegally (9th Mar, 2012) |
|
US report to say Washington ill-prepared for possible China cyber-attack (9th Mar, 2012) |
|
Ex-Secret Service agent savages 'aloof' Hillary, 'arrogant' White House staff (9th Mar, 2012) |
|
Chinese regulators call for legislation to protect online privacy (9th Mar, 2012) |
|
Royal family kicks off nationwide Diamond Jubilee tour in Leicester (9th Mar, 2012) |
|
'China committed to limiting death penalty' (9th Mar, 2012) |
|
Pakistan's opposition fumes over missing people (9th Mar, 2012) |
|
China offers to share water management experience (9th Mar, 2012) |
|
Chimps play cop to uphold peace in group (9th Mar, 2012) |
|
Online paedophile network busted in Italy (9th Mar, 2012) |
|
Ex-ISI chief affirms political funding in 1990s polls (9th Mar, 2012) |
|
Pakistani Senate passes human rights bill (9th Mar, 2012) |
|
Non-English speaking 'sub-class' face being 'stuck in a ghetto' (9th Mar, 2012) |
|
Nearly two-thirds of US college presidents want to re-elect Obama (9th Mar, 2012) |
|
Musharraf brands Malik’s ‘Benazir security’ pleas as his “apple and banana†moments (9th Mar, 2012) |
|
Strolling through the room every 20 mins ‘gets key muscles working again’ (9th Mar, 2012) |
|
Jobs |
Blog |
Yellow Pages |
Games |
Jokes |
Chat |
e-Cards |
Astrology |
Articles |
Recipes |
Send Gifts
Today : Wednesday - Jun 19, 2013, 12:57pm (GMT+5.5)
