Damian Williams, United States Attorney for the Southern District of New York, announced today that ROBERT LENARD BOOTH, a/k/a “Trevor Nicholas,” was sentenced to ten years in prison for defrauding investors of almost $2 million and laundering the proceeds as part of an international boiler room scheme.  Back in April, a jury convicted BOOTH of conspiracies to commit securities fraud, wire fraud and money laundering.  U.S. District Judge Jed S. Rakoff imposed the sentence in Manhattan federal court.

U.S. Attorney Damian Williams said:  “For years, Robert Lenard Booth and his co-conspirators made fraud their business.  They used elaborate paperwork and strategies for emotional manipulation to defraud individual investors, often repeatedly targeting the same victims and sometimes extracting from them their life savings.  Today’s sentence holds him accountable and sends a message to those who engage in fraud that they will face consequences.”

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