SFO: Press release: City Stockbroker charged with Fraud

March 4, 2011

Mr Nicholas David Levene has been charged with 16 offences relating to an alleged investment fraud. He has been charged with:

• 11 offences of fraud by misrepresentation (s1 (2) Fraud Act 2006)
• two offences of possession of an article for use in a Fraud (s.6 Fraud Act 2006)
• two offences of money laundering (s.327 (1) (d) Proceeds of Crime Act 2002) and
• one offence of False accounting (s.17a Theft Act 1968).