Allseas scammed for €100m

Allseas scammed for €100m

A trial in London has heard how a City trader scammed Dutch shipping firm for EUR100m ($111.3m).

Luis Nobre, 49, pretended to be a well-connected international financier, persuading Allseas that it could gain EUR1.2bn ($1.34bn) within three years if the shipping line invested EUR100m in a far fetched financial scheme with links to the Vatican and Spanish nobility, jurors were told at a court in London.

Nobre is alleged to be a member of a gang of conmen led by Marek Rejniak, who is on the run. He claims he is innocent.

The scam was halted by Barclay’s Bank which noticed a series of questionable money transfers.

The trial, which is expected to last for up to two months, continues.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts