AN Estepona boiler room fraudster has been found guilty of conning 16 million dollars out of hundreds of investors.

Anthonie Sparrow, 53, was found guilty – in a New York court – of wire fraud and conspiracy to commit wire fraud.

He faces a maximum 20 years prison sentence for each count.

Sparrow fled to Spain after stealing millions from his victims all over the world. He was arrested in December 2009 and then deported back to the states to face justice.

Between 2002 and 2005 he persuaded investors to place money in rare coins through Lloyd’s & Associates Asset Management – a rare coins and metals company ran by himself – before diverting it to a bank account in Cyprus.

Manhattan U.S. Attorney Preet Bharara said, “Anthonie Sparrow engaged in a flagrant fraud, stealing millions of dollars from hundreds of innocent victims around the world, and then fled to Spain to try to avoid the consequences of his crime.”

Imogen Calderwood

About Imogen Calderwood

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