Father And Daughter Accused Of Scamming Thousands Of Elderly Brits

A father and daughter team have been arrested for allegedly scamming over 15,000 British citizens out of $70m (£34.5m).

The Floridian duo are accused of being involved in a “boiler room” type of scam, which pressures individuals to invest in phony shares in public companies.

Paul Gunter, 58, and Zibiah Gunter, 25, were charged with conspiring to commit and committing mail fraud, securities fraud and money laundering, and could face up to 25 years in prison, according to Reuters.

“Thousands of British people have fallen victim to this crime - in this inquiry alone, we estimate that around 15,000 mostly elderly people have lost money,” said Deputy Chief Inspector Robert Wishart, head of the Money Laundering Unit at the City of London Police.