Showing posts with label Millionaire. Show all posts
Showing posts with label Millionaire. Show all posts

Wednesday, April 24, 2013

British Millionaire Convicted For Selling Fake Bomb Detectors



A 56-year-old British millionaire is facing jail after he was convicted on Tuesday of selling fake bomb detectors to Iraq and other countries.
James McCormick was found guilty of three counts of fraud at London’s Old Bailey court for selling completely ineffective devices based on an American novelty golf ball finder.
McCormick made an estimated £50 million(N12.1bn) from sales of his three models to Iraq, Belgium and the United Nations for use in Lebanon.
“The devices did not work and he knew they did not work,” prosecutor Richard Whittam told jurors.

ST

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