EuropeFinance and Insurance
Conman who persuaded Allseas to hand over $105m jailed for 14 years
The conman who nabbed $105m in an elaborate fraud against shipping firm Allseas was jailed for 14 years at a court in the UK.
Luis Nobre, 49, told senior management at the Dutch line he could get returns of 1,200% a year by using a secret trading platform controlled by the Pope.
Other members of the conmen gang including its leader Marek Rejniak are on the run.