Fugitive British forex boss sentenced in absence for $88 million fraud – Reuters UK

Fugitive British forex boss sentenced in absence for $88 million fraud – Reuters UK

LONDON, June 9 (Reuters) - A British foreign exchange company boss who used investors' cash to fund his luxury lifestyle was sentenced in his absence to 14 years in jail on Friday over a 70 million pound ($88 million) Ponzi scheme.

Anthony Constantinou was found guilty last month of one count of fraud by false representation, two counts of fraudulent trading and four counts of transferring criminal property.

The 41-year-old skipped bail in April and the trial at London's Southwark Crown Court continued in his absence.