Robert Lenard Booth Sentenced To Ten Years For Defrauding Investors Of Over $2 Million In International Boiler Room Scheme
summary
Robert Lenard Booth, a/k/a 'Trevor Nicholas,' was sentenced to ten years in prison for orchestrating an international boiler room scheme that defrauded at least 17 victims of $2,003,993 through fake broker identities, forged documents, and wire fraud, with proceeds laundered via shell companies and forfeited alongside $780,981.86 in assets.
paragraph
Robert Lenard Booth was convicted in April 2022 of conspiracies to commit securities fraud, wire fraud, and money laundering after a six-day jury trial in Manhattan federal court. He and his co-conspirators defrauded at least 17 victims of $2,003,993 by posing as licensed brokers, using high-pressure phone tactics, and sending falsified transaction documents to induce wire transfers to shell companies in New York, Hong Kong, and Singapore. In addition to a ten-year prison sentence, Booth was ordered to pay $2,003,883 in restitution and $780,981.86 in forfeiture, and will serve three years of supervised release.
narrative
Robert Lenard Booth, a/k/a 'Trevor Nicholas,' was sentenced to ten years in prison for orchestrating an international boiler room scheme that defrauded at least 17 victims of $2,003,993 between June 2019 and August 2021. Posing as licensed brokers from Manhattan firms, Booth and his co-conspirators used high-pressure phone calls and forged stock purchase documents to manipulate victims into wiring life savings to sham companies in the U.S., Hong Kong, and Singapore, often convincing them to take out loans or mortgages. To launder the proceeds, Booth worked with accomplices who opened fraudulent U.S. bank accounts under fake corporate names and deceived financial institutions. He was convicted on April 27, 2022, after a six-day jury trial before Judge Jed S. Rakoff on charges of securities fraud, wire fraud, and money laundering. In addition to prison time, Booth was ordered to pay $2,003,883 in restitution and forfeit $780,981.86 in assets, and will serve three years of supervised release. The investigation involved HSI, IRS-CI, and international partners through the J5 task force, which coordinates transnational financial crime efforts among five countries. U.S. Attorney Damian Williams emphasized that Booth’s scheme exploited emotional trust and targeted victims repeatedly, making this a particularly egregious case of financial predation.
Classified boiler-room(confidence 100%). EDGAR detection: forms Form D· recall 50% / precision 4%. detection rule →
Parties
damian williamsrobert lenard booth
Keywords
boothrobert lenardlenard boothboiler roomdefrauding investorslinkfraudinvestorsinternational boilerroom schemegovernment non-governmentnon-government sitessites typicallytypically appearappear external
Extracted insights
Dollar amounts 5
- $2.00M $2,003,993 $1M–$10M
- $2.00M $2,003,883 $1M–$10M
- $2.00M $2 Million $1M–$10M
- $2.00M $2 million $1M–$10M
- $781K $780,981 $100K–$1M
Entities 6
- person damian williams
- scheme_term of conspiracies to commit securities fraud, wire fraud, and money laundering
- scheme_term of over $2 million in international boiler room scheme
- person robert lenard booth
- scheme_term to commit securities fraud, wire fraud and money laundering
- scheme_term with the victims and directed them to wire money to shell company accounts
Triples 16
- Robert Lenard Booth Was Sentenced To Ten Years
- Robert Lenard Booth Defrauded Investors Of Over $2 Million In International Boiler Room Scheme
- Damian Williams Announced That Robert Lenard Booth Was Sentenced To Ten Years In Prison
- Booth Convicted By Jury Of Conspiracies To Commit Securities Fraud, Wire Fraud, And Money Laundering
- Booth Ran A Boiler Room Operation That Sold Investors Nearly $2 Million In Securities That They Never Received
- Booth Pretended To Be Licensed Brokers At Real Manhattan Brokerages
- Booth Used High-Pressure Tactics To Pitch Stocks At Alleged Discount Prices
- Booth Sent False Documents To Confirm The Alleged Stock Purchases And Trades
- Booth Established Personal Rapport With The Victims And Directed Them To Wire Money To Shell Company Accounts
- Booth Worked With Other Money Launderers Who Established Sham Companies
- Booth Lied To Banks To Open U.S. Bank Accounts In The Names Of Those Companies
- Booth Defrauded At Least 17 Victims Of $2,003,993
- Booth Was Convicted Of Conspiracies To Commit Securities Fraud, Wire Fraud And Money Laundering
- Booth Was Sentenced To 3 Years Of Supervised Release
- Orders Were Entered For $2,003,883 In Restitution And $780,981.86 In Forfeiture
- Mr. Williams Praised The Investigative Work Of The Special Agents Of The United States Attorney’s Office, Hsi, Irs-Ci, And Their Partnership With The J5
Extracted body text (4,631c)
Press Release Robert Lenard Booth Sentenced To Ten Years For Defrauding Investors Of Over $2 Million In International Boiler Room Scheme Thursday, August 11, 2022 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Robert Lenard Booth Sentenced After Being Convicted by a Jury for Conspiracies to Commit Securities Fraud, Wire Fraud, and Money Laundering 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.” According to previous filings in this case and the evidence presented at trial: Previously a resident of Brooklyn, New York, BOOTH relocated overseas and spent years defrauding investors from Thailand and Panama. From at least June 2019 through August 2021, BOOTH ran, and conspired with others to run, a boiler room operation that sold investors nearly $2 million in securities that they never received. Targeting their victims repeatedly by phone, BOOTH and others pretended to be licensed brokers at real Manhattan brokerages, then used high-pressure tactics to pitch stocks at alleged discount prices. They followed up by sending the victims false documents to confirm the alleged stock purchases and trades. Over time, the fraudsters established personal rapport with the victims and directed the victims to wire money—sometimes hundreds of thousands of dollars—to shell company accounts in New York, Hong Kong, and Singapore. To make the payments, a number of victims spent down their savings and took out loans and mortgages. To receive and launder the victims’ payments, BOOTH worked with other money launderers who established sham companies and then lied to banks to open U.S. bank accounts in the names of those companies. In total, Booth’s boiler room defrauded at least 17 victims of $2,003,993. * * * On April 27, 2022, BOOTH, 68, was convicted of conspiracies to commit securities fraud, wire fraud and money laundering after a six-day jury trial before Judge Rakoff. In addition to the prison sentence, BOOTH was sentenced to 3 years of supervised release. Orders have also been entered for $2,003,883 in restitution and $780,981.86 in forfeiture. Mr. Williams praised the outstanding investigative work of the Special Agents of the United States Attorney’s Office, HSI, IRS-CI, and their partnership with the J5. The J5Links to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. works together to gather information, share intelligence and conduct coordinated operations against transnational financial crimes. The J5 includes the Australian Taxation Office, the Canadian Revenue Agency, the Dutch Fiscal Information and Investigation Service, Her Majesty's Revenue and Customs from the U.K. and IRS-CI from the U.S. This case is being handled by the Office’s General Crimes Unit. Assistant United States Attorneys Andrew Jones, Jane Y. Chong, and Andrew Thomas are in charge of the prosecution. Contact Nicholas Biase Victoria Bosah (212) 637-2600 Updated August 11, 2022 Component USAO - New York, Southern Press Release Number: 22-257
OCR text (4,631c · plain-text · 99% conf)
Press Release Robert Lenard Booth Sentenced To Ten Years For Defrauding Investors Of Over $2 Million In International Boiler Room Scheme Thursday, August 11, 2022 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Robert Lenard Booth Sentenced After Being Convicted by a Jury for Conspiracies to Commit Securities Fraud, Wire Fraud, and Money Laundering 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.” According to previous filings in this case and the evidence presented at trial: Previously a resident of Brooklyn, New York, BOOTH relocated overseas and spent years defrauding investors from Thailand and Panama. From at least June 2019 through August 2021, BOOTH ran, and conspired with others to run, a boiler room operation that sold investors nearly $2 million in securities that they never received. Targeting their victims repeatedly by phone, BOOTH and others pretended to be licensed brokers at real Manhattan brokerages, then used high-pressure tactics to pitch stocks at alleged discount prices. They followed up by sending the victims false documents to confirm the alleged stock purchases and trades. Over time, the fraudsters established personal rapport with the victims and directed the victims to wire money—sometimes hundreds of thousands of dollars—to shell company accounts in New York, Hong Kong, and Singapore. To make the payments, a number of victims spent down their savings and took out loans and mortgages. To receive and launder the victims’ payments, BOOTH worked with other money launderers who established sham companies and then lied to banks to open U.S. bank accounts in the names of those companies. In total, Booth’s boiler room defrauded at least 17 victims of $2,003,993. * * * On April 27, 2022, BOOTH, 68, was convicted of conspiracies to commit securities fraud, wire fraud and money laundering after a six-day jury trial before Judge Rakoff. In addition to the prison sentence, BOOTH was sentenced to 3 years of supervised release. Orders have also been entered for $2,003,883 in restitution and $780,981.86 in forfeiture. Mr. Williams praised the outstanding investigative work of the Special Agents of the United States Attorney’s Office, HSI, IRS-CI, and their partnership with the J5. The J5Links to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. works together to gather information, share intelligence and conduct coordinated operations against transnational financial crimes. The J5 includes the Australian Taxation Office, the Canadian Revenue Agency, the Dutch Fiscal Information and Investigation Service, Her Majesty's Revenue and Customs from the U.K. and IRS-CI from the U.S. This case is being handled by the Office’s General Crimes Unit. Assistant United States Attorneys Andrew Jones, Jane Y. Chong, and Andrew Thomas are in charge of the prosecution. Contact Nicholas Biase Victoria Bosah (212) 637-2600 Updated August 11, 2022 Component USAO - New York, Southern Press Release Number: 22-257