Reuters/London

Two men who tricked hundreds of UK investors into buying inflated or worthless shares in a 70 million-pound ($117.54 million) "boiler-room" scam were sentenced to a total of almost 16 years in jail on Friday.
Jeffrey Revell-Reade, a 49-year-old Australian, and 58-year-old Anthony May were convicted of conspiracy to defraud by a London court on Wednesday in connection with the Madrid-based scam that duped at least 1,000 investors.
Revell-Reade, described as the "controlling mind" of the operation, was handed a jail term of eight years and six months, while May was ordered to spend just over seven years behind bars, Britain's Serious Fraud Office (SFO) said in a statement on Friday.
Revell-Reade was also disqualified from being a director of a company for 12 years and May for 10 years, the SFO said.