The dad of football star Gareth Bale’s fiancée Emma Rhys-Jones has been
jailed for six years over a multi-million pound shares scam.
Martin Rhys-Jones must also repay £2.2million he swindled from dozens of
victims including an Alzheimer’s sufferer he fleeced of £300,000.
Rhys-Jones, 52, and his associates sold worthless stocks at hugely
inflated prices. Salesmen working for him in Barcelona used high
pressure tactics to sell shares that were restricted and worth almost
nothing.
Rhys-Jones, of Cardiff, was prosecuted in the US as some of the cash
went through an account in
New York state before being moved overseas.
US District Judge Elizabeth Wolford said he engaged in “fraud plain and
simple” in the three-year scam with 250 victims in the UK, US and
Canada.
He admitted money laundering. Judge Wolford said he was “motivated by
greed and self interest and didn’t take into account the people you were
harming.”
She said he will be deported on release. He has already served four
years in custody in Spain and the US, so could be released in the next
year.
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