Man sentenced over £154m fake takeover bid targeting UK-listed company
Christopher Woolcott has today been given a 2-year prison sentence, suspended for 2 years, after staging a £154m fake takeover bid for Touchstone Exploration Inc. He was also ordered to complete 200 hours of unpaid work and to pay costs of £4,627.73.Mr Woolcott built a sizeable stake in Touchstone, an oil and gas listed company. He then launched a bogus bid to drive up its share price. To give the bid...
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Christopher Woolcott has today been given a 2-year prison sentence, suspended for 2 years, after staging a £154m fake takeover bid for Touchstone Exploration Inc. He was also ordered to complete 200 hours of unpaid work and to pay costs of £4,627.73.Mr Woolcott built a sizeable stake in Touchstone, an oil and gas listed company. He then launched a bogus bid to drive up its share price. To give the bid...
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- Financial Conduct AuthoritySource primaire · Confirme · EN · 100%Man sentenced over £154m fake takeover bid targeting UK-listed company ↗
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