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Dozens Arrested In UK, Spain, US Over Fraud

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More than 100 people have been arrested in Spain, Britain, Serbia and the United States over a massive scam that tricked people into buying millions of pounds of worthless shares, British police say.

Spanish and British officers launched a joint operation against criminal gangs behind the so-called “boiler room” fraud, said the City of London police on Friday.

The arrests were made on Tuesday but can now be disclosed after a Spanish judge lifted a reporting ban.

Eighty-four of the 110 arrests were in the Spanish cities of Madrid, Barcelona and Marbella, 20 were in London, four in Serbia and two in the United States, police said.

The operation closed down 14 boiler rooms in Spain, two in Britain and one in Serbia.

Items including an Aston Martin, Ferrari, Mercedes, BMW, a Mustang car, designer clothes, watches and cash in various denominations were also seized.

City of London Police Commander Steve Head said it was a “landmark” two-year investigation with Spain’s Policia Nacional.

“It is our most important investigation ever, targeting people we believe are at the top of an organised crime network that has been facilitating boiler rooms across Europe and which is suspected of being responsible for millions of pounds of investment fraud,” said Head.

“Boiler room” fraud – made famous by a 2000 film starring Oscar-winner Ben Affleck – involves investors being duped into buying worthless or non-existent shares.

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JUST IN: ECOWAS Lifts Sanctions On Mali

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ECOWAS countries
ECOWAS Countries

ECOWAS Countries

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US President, Donald Trump, Wife Test Positive For Covid-19

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Donald Trump and Melania
Donald Trump and Melania

Donald Trump and wife, Melania Trump

President of the United States, Donald Trump, and his wife, Melania Trump have both tested positive for COVID-19.

The President took to his official Twitter handle on Friday to make this announcement.

Trump was last seen in public on Thursday afternoon, returning to the White House after a fundraising trip to New Jersey.

Also Read: What I Told Trump When He Accused Me Of Killing Christians – Buhari

On Thursday, he announced that his aide, Hope Hicks tested positive for the virus which has killed over 1 million people around the world.

He further revealed that he and the first lady had taken the test and waiting for the results before announcing the outcome on Friday.

 

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Mali: N’Daw, Coup Leader Goita Sworn In As President, VP

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President of Mali, N'Daw, coup leader, Goita
President of Mali, N'Daw, coup leader, Goita

President of Mali, N’Daw, coup leader, Goita

Retired Army Colonel, Bah N’Daw has been sworn in on Friday as the interim president of Mali and he is to head a transitional government following last month’s military coup in the country.

The swearing-in ceremony held in the country’s capital city of Bamako, where Colonel Assimi Goita, who led the military junta, was also sworn in as interim vice president.

This administration is to lead the government for a maximum of 18 months before organising national elections.

Also Read: Buhari Attends Virtual ECOWAS Extraordinary Summit Over Mali Crisis

It will be recalled that the country’s military executed a coup last month (August 18) which successfully removed the nation’s president, Ibrahim Boubacar Keita from office.

Former President of Nigeria, Goodluck Jonathan, attended the ceremony alongside other members of the ECOWAS mediation team.

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