August 7, 2020

A Canadian member of a large international fraud and money laundering ring has been sentenced to over 10 years in prison and ordered to pay $14.5 million in restitution for his role in defrauding victims from Australia, New Zealand, the United Kingdom, and Asia.  From at least 2014 to 2019, Brooks Thomas Nesbitt set up and operated “boiler rooms” to defraud victims using high-pressure sales of worthless investments.  Nesbitt then contracted with fellow fraudsters Mary Kathryn Marr and Michel Marc Chateau to launder the funds through funnel bank accounts, many of which were located in Florida and other states.  USAO MDFL

Tagged in: Criminal Proceedings, Financial and Investment Fraud,