Rich-list man laundered £111m for Wall Street fraudster – A Times rich-list tycoon is facing 14 years in jail after being convicted of laundering £111m ($ 175 million dollars) from Switzerland to bank accounts in the Isle of Man.

Trevor Baines, 69, who lives on the island, was one of three trustees dealing with assets for Roys Pojiadjjis, a Greek Cypriot who had masterminded a massive securities fraud involving Wall Street investors.

The complex ‘pump and dump’ scam was revealed at the five-week long trial of Baines held at Douglas court, in which the tycoon denied false accounting and money laundering.
read more – http://www.telegraph.co.uk/news/uknews/crime/6319458/Miss-World-investor-faces-jail-for-111m-Wall-Street-scam.html

http://www.timesonline.co.uk/tol/news/uk/crime/article6914730.ece